It has been two years since the last independent third party evaluation of reserves and contingent resources of DWOG working interest (DeGolyer&MacNaughton, November 2011). I feel confident the company will need to release another independent evaluation, if not by D&M then by someone nearly as reputable (D&M's main guy in Calgary is part of a United Nations panel coming up with a standard worldwide measurement of reserves and resources). With the share earned by M&P, and the acquisition of extra working interest through a settlement with a defaulting partner, there is certainly grounds for a new reservoir study. It is also useful to remember that once production begins, a portion of contingent resources could be reclassified as proven reserves by third party evaluation.
