Replies to post #14355 on Hemi Energy Group Inc. (fka HMGP)

[davidmarkblack]

SEC Definition of Proved Reserves
http://www.sec.gov/divisions/corpfin/guidance/cfactfaq.htm#P279_57537

Oil & Gas Reserves, Booking Standards, & E&P Performance
Market & Debt Rating Perspectives
http://www.searchanddiscovery.net/documents/2006/06033oram/images/oram.pdf

Oil and Natural Gas Reserve Prices 1982-2002: Implications
for Depletion and Investment Cost
http://web.mit.edu/ceepr/www/2003-016.pdf

[zguy]

Excellent post, davidmarkblack.

Thanks for continuing to hammer home just how valuable independently proven reserves are. This is, I believe, missed or misunderstood by many.