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
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