OTCPK:MAUXF - Post by User
Post by
gibbonsjon Nov 12, 2013 5:38pm
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Post# 21899367
FYI 1 - 3P definition
FYI 1 - 3P definition
- 1P reserves" = proven reserves (both proved developed reserves + proved undeveloped reserves).
- "2P reserves" = 1P (proven reserves) + probable reserves, hence "proved AND probable."[3]
- "3P reserves" = the sum of 2P (proven reserves + probable reserves) + possible reserves, all 3Ps "proven AND probable AND possible