EMP 19.1% 2.5¢ emperor energy limited

oxx deal , page-10

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    The commercial and technical criteria for the 2P
    case are very similar to those set by the SPE definitions. Specific criteria include:
    •Reserves may only be considered proven and probable if producibility is supported by either actual production or conclusive formation test.
    (SPE probable does not require a flowing well test.)
    •2P includes immediately adjoining undrilled p
    ortions beyond proved which can be reasonably judged as economically productive based on geophysical geological and engineering data.

    Page 13 of 126

    http://www.spe.org/industry/docs/OGR_Mapping.pdf

    Raider


    In the land of the blind,the one eyed man is King.











 
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