"All this so called P1 reserve is from decommissioned oil wells ask any oiler commissioning a decommissioned oil well is not profitable"
The disclosure was made IAW the proper guidelines. If this oil is not commercially recoverable then it can't be stated in the reserves disclosure. If your suggestion was the case then it would at best be 'probable' rather than 'proven'
So back to the original question that you have still not answered......you reckon they have fudged the reserves disclosure?
FDM Price at posting:
99.5¢ Sentiment: LT Buy Disclosure: Held
