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28/03/13
22:08
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So many acronyms
PDP = Proved Developed Producing
PDNP = Proved Developed Not Producing
PUD = Proved Undeveloped
IP = Initial Production
others
PROB = Probable
POSS = Possible
EUR = Estimated Ultimate Recovery
CUM = Cumulative Production
CFX = Cash flow Multiple
DCF = Discounted Cash Flow
FV = Future Value
Oil & Gas Property Evaluation: A Geologist’s View
From the following link
http://www.searchanddiscovery.com/documents/2010/40640vonrhee/ndx_vonrhee.pdf
The PDF offers excellant info for determining a resources approx value.