HHR 7.14% 0.7¢ hartshead resources nl

ANA targeting 3.5/3.6c then breakout to 6c, page-48

  1. 1 Posts.
    Just to clarify what is meant by "2C Contingent Resources" and the volumes they've given:
    Contingent resources are defined as those resources estimated at a certain date as potentially recoverable from known accumulations, but which are not currently considered commercially recoverable. The probability for the contingent resources to become economically recoverable is significantly lower than for proven, probable or possible reserves. The volumes associated with contingent resources should be considered as highly speculative - 1C, 2C and 3C refer to the degree of estimation / certainty (1C - higher conversion probability, 3C - lower probability).
 
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