TeachMeFinance.com - explain Inferred resources
Inferred resources The term 'Inferred resources' as it applies to the area of energy can be defined as ' Coal in unexplored extensions of demonstrated resources for which estimates of the quality and size are based on geologic evidence and projection. Quantitative estimates are based largely on broad knowledge of the geologic character of the bed or region and where few measurements of bed thickness are available. The estimates are based primarily on an assumed continuation from demonstrated coal for which there is geologic evidence. The points of observation are 1-1/2 to 6 miles apart. Inferred coal is projected to extend as a 2-1/4-mile wide belt that lies more than 3/4 mile from the outcrop, points of observation, or measurement'.
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