Proved plus Probable plus Possible Reserves definition

Proved plus Probable plus Possible Reserves means the aggregate of Proved Reserves, Probable Reserves and Possible Reserves.
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Examples of Proved plus Probable plus Possible Reserves in a sentence

  • It is equally likely that the actual remaining quantities recovered will be greater than or less than the sum of the estimated Proved plus Probable (2P) Reserves.3P the sum of Proved plus Probable plus Possible Reserves, where Possible Reserves are those additional reserves which analysis of geoscience and engineering data suggest are less likely to be recoverable than Probable Reserves.

  • Downward revision of total hydrocarbon volume (Proved plus Probable plus Possible Reserves plus Contingent Resources) suggested by the consultant was 3.13 Million Tonne of Oil Equivalent comprising increase in ultimate recoverable volume of oil by 5.17 Million Tonne and decrease in ultimate recoverable volume of gas by 8.30 Billion Cubic Meter.

  • GCA has conducted an economic limit test (ELT) for each Reserves case to assess Proved, Proved plus Probable and Proved plus Probable plus Possible Reserves.

  • There were six response patterns that emerged from the analysis of individual response items, with most items falling in three response types (response types 1, 2 and 3) (see Table 10).Response types 1 & 2 constituted those items where attitudes became significantly more favorable towards consumer direction from pre-test to post-test.

  • There is a 10% probability that the quantities actually recovered will be equal to or exceed the sum of Proved plus Probable plus Possible Reserves.

  • No economic value was included for the Proved plus Probable plus Possible Reserves (“3P”).

  • The screening form will allow for identification of potential environmental and social impacts associatedwith the proposed activity.

  • MMbbls, 2P Proved plus Probable Reserves net to Panoro of 2.20 MMbbls and 3P Proved plus Probable plus Possible Reserves net to Panoro of 2.86 MMbbls.

  • PVATs Attendance Policy complies fully with Government regulations.

  • The total quantities ultimately recovered from the project have a low probability to exceed the sum of Proved plus Probable plus Possible Reserves PPL Petroleum Prospecting Licence PR L Petroleum Retention Licence PR O BA B L E R E SER V E S those additional reserves that are less likely to be recovered than Proved Reserves but more certain to be recovered than Possible Reserves.

Related to Proved plus Probable plus Possible Reserves

  • Probable Reserves under SEC Industry Guide 7 means reserves for which quantity and grade and/or quality are computed from information similar to that used for proven reserves, but the sites for inspection, sampling and measurement are farther apart or are otherwise less adequately spaced. The degree of assurance, although lower than that for proven reserves, is high enough to assume continuity between points of observation.

  • Total Tangible Assets means, as of any date, (a) the aggregate amount of the assets (other than intangible assets, goodwill and deferred tax assets) of the Group, as disclosed on the consolidated statement of financial position in the most recent Accounts of the Group, minus (b) the lesser of (i) the aggregate value of all Project Assets subject to any Lien securing any Limited Recourse Indebtedness and (ii) the aggregate principal amount of Limited Recourse Indebtedness, in each case, as reflected in (or derived from) the most recent Accounts of the Group, plus (c) the net cash proceeds received by the Parent Guarantor from any share capital issuance by the Parent Guarantor consummated after the date of the most recent balance sheet included in such Accounts and on or prior to such date.

  • Projected actual emissions means the maximum annual rate, in tons per year, at which an existing emissions unit is projected to emit a regulated NSR pollutant in any one of the 5 years (12-month period) following the date the unit resumes regular operation after the project, or in any one of the 10 years following that date, if the project involves increasing the emissions unit’s design capacity or its potential to emit that regulated NSR pollutant, and full utilization of the unit would result in a significant emissions increase, or a significant net emissions increase at the major stationary source.