PES pepper residential securities trust no. 21

2p reserves, page-8

  1. 79 Posts.
    Sloeb and Zaccc

    Also to add :

    1P Reserves - have a 90% chance of success (in recovering proved reserves)
    2P Reserves - have a 50% chance of success (in reconvering proved + probable reserves)
    3P Reserves - have a 10% chance of success (in receovering proved + probable + possible reserves)

    Also, you are correct in assuming 1Bcf = 1PJ (as the energy content of natural gas varies field to field).

 
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