Tuesday, January 24, 2012

Implied Reserves Value for Oil Continued to Recover in 2011

Globally, the implied reserves values, $/2P reserves (Entitlement*), plunged in Q4 2011 largely due to 3 gas deals** done at a very low $/2P (ENT), excluding which the average $/BOE would have been stable at $13.6 in Q4 2011. Continue reading here..

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