Silverfox, generally as per below;
1P - they apply a 90% probability - or proved
2P - they apply a 50% probability - or probable
3P - they apply a 10% probability - or possible
You then want to see the company move as much 3P up into the 2P and as much 2P up into the 1P calssifications as possible.
Good luck
DYOR
to be blunt, page-7
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