Definition of Probable energy reserves

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TeachMeFinance.com - explain Probable energy reserves



Probable energy reserves -- Estimated quantities of energy sources that, on the basis of geologic evidence that supports projections from proved reserves (see definition below), can reasonably be expected to exist and be recoverable under existing economic and operating conditions. Site information is insufficient to establish with confidence the location, quality, and grades of the energy source. Note - This term is equivalent to "Indicated Reserves" as defined in the resource/reserve classification contained in the U.S. Geological Survey Circular 831, 1980. Measured and indicated reserves, when combined, constitute demonstrated reserves.




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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