InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,447.87
(
-0.31%
)
US TECH 100
19,040.00
(
0.43%
)
Dow Jones
39,411.21
(
0.67%
)
Brent Oil
84.79
(
-0.57%
)
Bitcoin
61,294.68
(
1.71%
)
Post# of 7752
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

GOLDENBOLLOX

Send PM Follow Ignore
Followers 21
Posts 2447
Boards Moderated 1
Alias Born 05/17/2006

GOLDENBOLLOX

Re: pdiddy2 post# 6983

Wednesday, 02/15/2012 4:00:03 PM

Wednesday, February 15, 2012 4:00:03 PM

Post# of 7752
They have put out a press release about possible reserves.


4. Energy industries: Computed or estimated quantity of hydrocarbons or minerals that can be extracted from known fields at an economical cost. The major classifications of reserves according to the level of confidence in the estimate are: (1) Proven: Extensively sampled reserved estimated from seismic data and exploratory holes drilled. (2) Recoverable: Estimated from reservoir pressure and density of strata. (3) Probable: Rough estimate of quantity and quality of the item. Also called indicated reserves. (4) Possible: Estimate based on unverified existence. Also called inferred reserves.

If I am right half the time then I'm doing better than most!

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up