TeachMeFinance.com - explain Identified resources
Identified resources The term 'Identified resources' as it applies to the area of energy can be defined as ' Coal deposits whose location, rank, quality, and quantity are known from geologic evidence supported by engineering measurements. Included are beds of bituminous coal and anthracite (14 or more inches thick) and beds of subbituminous coal andlignite (30 or more inches thick) that occur at depths to 6,000 feet.The existence and quantity of these beds have been delineated within specified degrees of geologic assurance as measured, indicated, or inferred. Also included are thinner and/or deeper beds that presently are being mined or for which there is evidence that they could be mined commercially'.
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