ELK elk petroleum limited

estimated proved reserves and pilot plants, page-19

  1. 2,677 Posts.
    The issue will be how people interprete the RS report using the SEC requirements and understand the SEC stricter and more stringent requirements.

    Given that the SEC is more stringent, then any NPV value and reserves classification will be valued higher than potentially slightly less stringent.

    Accordingly there will be a lesser discount where as there may be greater discount using Aussie certification.

 
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