TeachMeFinance.com - explain Hypothetical resources (coal)
Hypothetical resources (coal) The term 'Hypothetical resources (coal)' as it applies to the area of energy can be defined as ' Undiscovered coal resources in beds that may reasonably be expected to exist in known mining districts under known geologic conditions. In general, hypothetical resources are in broad areas of coal fields where points of observation are absent and evidence is from distant outcrops, drillholes, or wells. Exploration that confirms their existence and better defines their quantity and quality would permit their reclassification as identified resources. Quantitative estimates are based on a broad knowledge of the geologic character of coalbed or region. Measurements of coal thickness are more than 6 miles apart. The assumption of continuity of coalbed is supported only by geologic evidence'.
About the author
Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.