Unproved Reserves definition

Unproved Reserves means Mineral Interests which do not constitute Proved Mineral Interests.

Unproved Reserves means probable reserves and/or possible reserves as defined in Rule 4-10 of Regulation S-X.

Unproved Reserves means reserves that are considered less certain to be recovered than proved reserves. Unproved reserves may be further sub-classified to denote progressively increasing uncertainty of recoverability and include probable reserves and possible reserves.

Examples of Unproved Reserves in a sentence

• Unproved reserves are less certain to be recovered than proved reserves and may be further sub-classified as probable and possible reserves to denote progressively increasing uncertainty in their recoverability.

• Unproved reserves are those reserves that technical or other uncertainties preclude from being classified as proved.

• For the clustering approach, it would therefore make sense to execute the queries to fill the cluster matrix at the client side where the distributed spaces are joined in the first place.

• According to the “[p]enultimate paragraph of Page 7 of Tana’s prospectus and the definition of Unproved reserves included in the April 1st report, 1st paragraph”: “Tana et al assured any potential purchaser that Ryder Scott had downgraded any reserves where there could be questionable underlying data, such as uncertainties regarding reservoir limits and ultimate recoveries, to Probable and Possible reserves leaving only those without these uncertainties within the Proved category.

• Financial management support is provided by the Centre Administrator and the School of Economics Accounts Officer.

More Definitions of Unproved Reserves

Unproved Reserves as defined in the Definitions for Oil and Gas Reserves promulgated by the Society of Petroleum Engineers (or any generally recognized successor) as in effect at the time in question.

Unproved Reserves provided that, for purposes of this Agreement, the definition of “Probable Undeveloped Reserves” shall only include Oil and Gas Properties of the Borrower and the Guarantors that are (a) operated by either the Borrower or a Guarantor and (b) located in the Haynesville shale or Bossier shale formations in Texas and Louisiana.

Unproved Reserves means those Oil and Natural Gas Properties estimated based on geologic and/or engineering data similar to that used in estimates of proved reserves; but technical, contractual, economic, or regulatory uncertainties preclude such reserves being classified as proved.

Unproved Reserves means all oil and gas interests that do not constitute Proved Reserves.

Unproved Reserves means Mineral Interests which do not constitute Proved ------------------ Mineral Interests.

Unproved Reserves as follows:

Unproved Reserves means Unproved Reserves which are categorized as “Probable Reserves” and “Possible Reserves” in the SPE/WPC Definitions.