TMT 0.00% 26.0¢ technology metals australia limited

Ann: Quarterly Activities Report and Appendix 5B Sep 2023, page-56

  1. 610 Posts.
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    I suspect you may be mis-interpreting the USA's Strategic Oil Reserve with the proven reserves of O&G companies. Athena SOR is a US govt store of oil generally used as a buffer in times of high-ish prices but it's primary purpose is to ensure that in the case of an extreme supply disruption (think 1970ms Arab Oil Embargo), that there are sufficient supplies available for a limited period to try and stop the economy grinding to a halt.

    Attached are the current hydrocarbon "proven reserves" of the USA up until 2020. It's unlikely they have declined significantly between then and now.

    my 2 cents, ymmv, dyor
    https://hotcopper.com.au/data/attachments/5691/5691268-10152ba94a9ec80892feaa472518a410.jpg
 
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