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Proven-in-place reserves is generally a small fraction of a total resource.

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14y ago
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15y ago

What are proven-in-place reserves

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Q: What are proven-in-place reserves?
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Related questions

What are the estimated reserves?

Not sure if this is a math/ statistics question. Reserves are assets you hold, but are not using immediately. There are oil reserves, mineral reserves (like gold reserves) and cash reserves. I think you need to rephrase the question for a proper answer.


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Proven reserves are reserves we know about, potential reserves are those we suspect are present in certain geological formations. The combination of the two along with the estimated size of these reserves gives us the estimated total reserves.


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What are proven-in-place reserves


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What is difference between legal and statutory reserves?

Answer: legal and statutory reserves There is no difference. Both legal and statutory reserves are reserves that must be maintained by law. The previous answer ("Legal reserves are stipulated by law, while statutory reserves are determined in the Articles of Association (the Statute of a company)") is incorrect: the primary meaning of 'statutes' is 'enacted laws'


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