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Re: None

Sunday, 03/09/2008 8:21:07 AM

Sunday, March 09, 2008 8:21:07 AM

Post# of 2321
"In accordance with the COGE Handbook, Discovered Resources are divided into "Recoverable Resources" and "Unrecoverable Resources" categories. "Unrecoverable Resources" include Contingent Resources, which are defined as those quantities of oil and gas estimated on a given date to be potentially recoverable from known accumulations but are not currently economic. "

--from the synenco website - northen lights section

So... (Recoverable) "Discovered Resources" are a whole lot better than the previous "Contingent Resources"

Conclusion: Tangible valuation of SOIGF just went up (alot) based on their recent (pre)feasability report.