Hemi Energy Group Inc. (fka HMGP)

[Nest Egg]

Could someone please explain to me:

Other than what I've ready on the HEMI I-Hub Board, I know little about oil and gas discoveries and the processes that a company goes through from choosing the land, to drilling the well, pumping the materials and then trucking it or piping it to refineries to be finally made into consumable products. I also know very little about the stock market in general, so sometimes my questions may seem very elementary to those who've been in either the oil business or the stock market.

My question is as follows: There is a big difference in the probable and the proven reserves. Just how do probable reserves become proven? Does the government do this or some sort of certified geologist? How long does the process take and what is involved? How much does it cost to have the "analysis" for lack of a better word done?

I would appreciate any/all responses and thanks in advance.

Nest Egg