Ann: Executive Chairman's Letter to Shareholders, page-30

Yes "resource" as in prospective and contingent resources are still either undiscovered (prospective) or discovered but still sub-commercial (contingent)

What matters as you point out is what is commercial and can be proven into reserves out of those.

That's why the maiden reserves will be a major milestone for KKO and grab the markets attention if like 0.5tcf + in reserves with further upside reserve potential 0.5tcf may mean the market cap should be 500m going off past valuations such as $1b for 1tcf for Pure Energy