AOK 0.00% 0.3¢ australian oil company limited.

Res /Prod ratio 30 yrs;, page-3

  1. 8 Posts.
    I should also mention that of the existing reserves, most are PUD or Proved undeveloped. And as they drill more in these areas and bring that acreage into PDP or Proved Developed Producing, that will also increase reserves, providing they get similar well results, because PUD reserves are factored down somewhat in the formulas that are used. So expect reserves to go up for the old 7000 acres, and then whatever they calculate for the new acreage. Does anyone know anything further about the new acreage? Who they bought it from? Some were speculating RFE, but shot that down. It would be interesting to know if the new acreage had any prior development on it.
 
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