QPN 27.3% 0.8¢ quest petroleum nl

UNCLEART...PERHAPS OILERS CAN HELP HERE AS IM NO EXPERTHere is a...

  1. 2,180 Posts.

    UNCLEART...PERHAPS OILERS CAN HELP HERE AS IM NO EXPERT

    Here is a paragraph using the words "unrisked contingent resources" and "mean prospective resources" which suggests it means UNDISCOVERED!! and/or estimated reserve??



    EXAMPLE
    WesternZagros Resources has announced that the mean estimate of gross unrisked contingent resources (“Mean Contingent Resources”) has increased to 147 million barrels of recoverable oil (corresponding to 464 million barrels of mean estimated gross discovered oil initially in place) and the mean estimate of gross unrisked prospective resources (“Mean Prospective Resources”) has increased to 1.2 billion barrels of recoverable oil (corresponding to 3.6 billion barrels of mean estimated gross undiscovered oil initially in place) for the Oligocene reservoir in the Kurdamir Block.

    MMM
 
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