TeachMeFinance.com - explain Extensions, discoveries, and other additions
Extensions, discoveries, and other additions The term 'Extensions, discoveries, and other additions' as it applies to the area of energy can be defined as ' Additions to an enterprise's proved reserves that result from(1) extension of the proved acreage of previously discovered (old) reserves through additional drilling in periods subsequent to discovery and (2) discovery of new fields with proved reserves or of new reservoirs of proved reserves in old fields'.
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