low estimate definition

low estimate means at least a 90% probability (P90) that the quantities actually recovered will equal or exceed the low estimate;
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low estimate means a conservative estimate of the quantity that it will actually be recovered. It is likely that the actual remaining quantities recovered will exceed the low estimate. If probabilistic methods are used, there should be at least a 90% probability (P90) that the quantities actually recovered will equal or exceed the low estimate;
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low estimate means an amount that Auctioneer anticipates that a Lot may bring at the low end of a spectrum of possible bids. The Low Estimate, if used, is not a valuation or appraisal, and cannot be relied on as such.
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Examples of low estimate in a sentence

  • Low Estimate: This is considered to be a conservative estimate of the quantity that will actually be recovered.

  • Resources should be provided as low, best, and high estimates as follows: Low Estimate: This is considered to be a conservative estimate of the quantity that will actually be recovered.

  • Furthermore RISC was directed to Companion Policy 51 101 CP Part 5, sections 5.3, 5.5, 5.6 for additional guidance on resource disclosure.When evaluating prospective resources, the following mutually exclusive categories have been used:• Low Estimate: This is considered to be a conservative estimate of the quantity that will actually be recovered from the accumulation.

  • Formation Low Estimate Most Likely Estimate High Estimate Bluesky/Gething N/A N/A 103 Debolt 1,443 1,500 1,503 Elkton N/A 490 644 Total 1,443 1,990 2,251 The uncertainty in the geologic and reservoir data has been factored into Norwest’s low, most likely, and high estimates of OBIP and recoverable reserves.

  • The following table outlines the reconciliation from projected net income to projected pro forma Adjusted EBITDA for the periods indicated using relevant estimated figures: Projected Pro Forma For the year ended December 31, 2018(in thousands) Low Estimate* High Estimate* * IEA management’s 2018 low and high range for projected pro forma net income and adjusted EBITDA.

  • Th e f ollowing classification of prospective resources was used: • Low Estimate means there is at least a 90 percent probability (P90) that the quantities actually recovered will equal or exceed the low estimate.

  • Low Estimate (C1) is considered to be a conservative estimate of the quantity of resources that will actually be recovered.

  • Bitumen contingent resources (Before royalties) Economic Contingent Resources1 Bitumen (billion bbls) 2011 2010 % Change Low Estimate Best Estimate High Estimate 1 For the definition of contingent resources, economic contingent resources and low, best and high estimate and a description of the contingencies associated with Cenovus’s economic contingent resources, please see the Advisory – Oil and Gas Information.

  • The following table outlines the reconciliation from 2019 projected net income to 2019 projected Adjusted EBITDA for the periods indicated using relevant estimated figures: Guidance For the year ended December 31, 2019(in thousands) Low Estimate High Estimate (1)Non-cash stock compensation expenses.

  • Billions of Barrels) 2014 2013 Economic Contingent Resources (1) Low Estimate 6.6 7.0 Best Estimate 9.3 9.8 High Estimate 12.9 13.6 Prospective Resources (2) Low Estimate 4.4 4.5 Best Estimate 7.5 7.5 High Estimate 12.7 12.6 (1) There is no certainty that it will be commercially viable to produce any portion of the contingent resources.


More Definitions of low estimate

low estimate shall have the meaning set forth in Section 2.7(c).
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Related to low estimate

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • Estimate means to be based on technical evaluation of the sources contributing to the discharge including, but not limited to, pump capabilities, water meters, and batch discharge volumes.

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • Current closure cost estimate means the most recent of the estimates pre- pared in accordance with § 265.142 (a), (b), and (c).

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Estimates means annual estimates or supplementary estimates;

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Anticipated county property tax revenue availability means the

  • Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.

  • Reasonable cost means a cost for a service or item that is consistent with the market standards for comparable services or items.

  • Gross Operating Revenues means, for any period of time for any Hotel Property, without duplication, all income and proceeds of sales of every kind (whether in cash or on credit and computed on an accrual basis) received by the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property or the applicable Operating Lessee or Manager for the use, occupancy or enjoyment of such Hotel Property or the sale of any goods, services or other items sold on or provided from such Hotel Property in the ordinary course of operation of such Hotel Property, including, without limitation, all income received from tenants, transient guests, lessees, licensees and concessionaires and other services to guests at such Hotel Property, and the proceeds from business interruption insurance, but excluding the following: (i) any excise, sales or use taxes or similar governmental charges collected directly from patrons or guests, or as a part of the sales price of any goods, services or displays, such as gross receipts, admission, cabaret or similar or equivalent taxes; (ii) receipts from condemnation awards or sales in lieu of or under threat of condemnation; (iii) proceeds of insurance (other than business interruption insurance); (iv) other allowances and deductions as provided by the Uniform System in determining the sum contemplated by this definition, by whatever name, it may be called; (v) proceeds of sales, whether dispositions of capital assets, FF&E or equipment (other than sales of Inventory in the ordinary course of business); (vi) gross receipts received by tenants, lessees (other than Operating Lessees), licensees or concessionaires of the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property; (vii) consideration received at such Hotel Property for hotel accommodations, goods and services to be provided at other hotels although arranged by, for or on behalf of, and paid over to, the applicable Manager; (viii) tips, service charges and gratuities collected for the benefit of employees; (ix) proceeds of any financing; (x) working capital provided by the Parent Guarantor or any Subsidiary of the Parent Guarantor or the applicable Operating Lessee; (xi) amounts collected from guests or patrons of such Hotel Property on behalf of tenants of such Hotel Property and other third parties; (xii) the value of any goods or services in excess of actual amounts paid (in cash or services) provided by the applicable Manager on a complimentary or discounted basis; and (xiii) other income or proceeds resulting other than from the use or occupancy of such Hotel Property, or any part thereof, or other than from the sale of goods, services or other items sold on or provided from such Hotel Property in the ordinary course of business. Gross Operating Revenues shall be reduced by credits or refunds to guests at such Hotel Property.