re: Ann: Independent review upgrades Block 31... Can anyone clarify the reserves terminology that JPR are using?
They quote 80M "recoverable" and then use a P50 figure of 80 M. - P50 is normally defined as proven + probable.
Probable reserves are just that - probable, not fully recoverable, until they are classified as P90 - proven.
I am not aware that all reserves classified under P50 are normally deemed recoverable - or have I missed something?
Ann: Independent review upgrades Block 31 resourc, page-30
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