Wednesday, July 28, 2010

Oil Reserves: Risked versus Unrisked?

What is the difference between unrisked oil reserves and risked oil reserves? I have seen companies post it either way and don't know the difference.Oil Reserves: Risked versus Unrisked?
Unrisked reserves are those which have already been developed by drilling and production and thus have a very reasonable certainty of being produced. Risked reserves are either probable or possible reserves depending upon the amount of uncertainty involved and basically represent poorly developed or undeveloped oil %26amp; gas fields.

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