Hero Technologies Inc (HENC)

[Smooth]

Can someone explain risked vs unrisked reserves?

A. below is taken from a slide put out on the TGC website and B. is a definition I found on the internet. Unrisked vs risked is clear as mud(drilling mud that is)to me!

A.
PEL 112 and PEL 444
27 Leads identified on 665 km of re-processed late vintage 2D seismic.
Planned Execution of 3D seismic programs on both Blocks will lead to significant risk reduction. Industry success rate is 70% to 80% drilling 3D prospects
Unrisked potential rec. resource 156 MMBbls; Risked Rec. Resource 35 MMBbls

B.
In oil fields what does risked unrisked reserves mean?

Answer:
Unrisked reserves are those which have already been developed by drilling and production and thus have a very reasonable certainty of being produced. Risked reserves are either probable or possible reserves depending upon the amount of uncertainty involved and basically represent poorly developed or undeveloped oil & gas fields.