wipz,there are no reserves per se,only prospective resources.There is a significant difference.
'Under PRMS a " prospective resource" as reported....are defined as those quantities of petroleum estimated as of a given date to be potentially recoverable from undiscovered accumulations by application of future developement projects'
NB (next sentence)Prospective resources have both an associated risk of discovery and a risk of development.
It may well be worth your time research reserves 1P,2P 3P etc and understand the differenc.
Share price too high for me to invest atm given the risk and timeframe involved.Better prospects elsewhere for mine.
wipz,there are no reserves per se,only prospective...
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