Silk Energy Ltd SLKEF

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Silk Energy Limited is a Canada-based resource company. The Company acquires undervalued oil and gas assets in Kazakhstan. The Company, through its subsidiaries, owns a 50% interest in the KMG Ustyurt license (Ustyurt). The Company focuses on exploring and developing Ustyurt, an onshore oil and gas concession comprising approximately 6,500 square kilometers in the Caspian Sea region of the Republic of Kazakhstan.

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Silk Energy Ltd

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Comment by Vanchesteron Jan 09, 2010 4:12pm

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Post# 16659677

RE: RE: inferred resources

Whaler,

I didn't skip over anything. Go check SEDAR as it has the full document. it is you that missed footnote 2 beside the word Inferred within the resource calculation table. Here it is again:

2. The quantity and grade of reported Inferred Resources in this estimation are conceptual
in nature and there has been insufficient exploration to define these Inferred Resources
as an Indicated or Measured Mineral Resource. It is uncertain if further exploration will
result in the upgrading of the Inferred Resources into an Indicated or Measured Mineral
Resource category.

Do you get it now? This "indicated" resource is based on conception of the "inferred" resource because there is insufficient exploration to define it as an "indicated" resource.

v.