Spdr S&P Oil & Gas Exploration & Production Etf V.XOP.W

Primary Symbol: XOP

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the oil and gas exploration and production segment of a U. In seeking to track the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas exploration and production segment of the S&P Total Market Index (S&P TMI).

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Spdr S&P Oil & Gas Exploration & Production Etf

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Comment by oilsupporteron Oct 05, 2017 5:41pm

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Post# 26783151

RE:RE:RE:RE:RE:RE:RE:RE:Website needs updating

Good40, Look up OPL 226 Nigeria and the report:

At the request of COPL, Netherland Sewell Associates Inc. (NSAI) has prepared an independent report in accordance with Canadian National Instrument 51-101 evaluating the Contingent and Prospective Resources attributed to OPL 226, as at 1 March, 2016. In this report, the Gross Unrisked Contingent Oil Resources (recoverable) for the Noa West discovery are estimated to be: Low Estimate (1C) = 11.5 million BO; Best Estimate (2C) = 16.1 million BO; High Estimate = 20.7 million BO

definition of unrisked:
In oil fields what does risked unrisked reserves mean?

Answer:
Unrisked reserves are those which have already been developed by drilling and production and thus have a very reasonable certainty of being produced. Risked reserves are either probable or possible reserves depending upon the amount of uncertainty involved and basically represent poorly developed or undeveloped oil & gas fields.

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