Monday, January 26, 2009 12:21:55 PM
As we seem to agree on the post-drilling sale bit, I'll set our differences aside for an argument another day.
But please do me a favour and get the oil industry nomenclature right.There is no such thing as risked or unrisked reserves or proven risked..or whatever.
There are only risked and unrisked resources, with differing assessment levels attached to each. But there are only four categories of reserves ...proven, probable, potential and possible.
Then maybe my valuation(s) - based soley on example you gave - will appear less ridiculous.
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