Chapter 4

Question 1

Proven Reserves

Answer 1

Represents volume corresponding to 90%

Question 2

Probable Reserves

Answer 2

Represents volume corresponding to 50% - 90%

Question 3

Proven Reserves

Answer 3

Represents volume corresponding to 10% - 50%

Question 4

Reserve estimates least to most

Answer 4

1 - Geophysical exploration stage
2 - Exploration stage
3 - Field Development stage