RE:RE:RE:October MJB4231 wrote: Basing my opinion on carefully reading last NR. A certified stamped Reserve to be compliant & stamped requires production of even a single barrel of oil. The RR either being redone completely by a "Top tier" company or amended from last report I am uncertain of which. Based on certification requirements it's logical to not release a reserve report until production which was stated in last NR as Q4 production. Can they deliver earlier on production... Absolutely. Too be crystal clear this is my opinion ONLY and haven't heard anything from company....its opinion from connecting the dots of previous and recent updates. As far as RR certification requirements I am 100% certain on this
One can choose to have production as part of the preparation of the Reserve Report, but I'm not aware of any requirements in which production is required. Also, not sure if production is required as part of the certification process. I could be wrong.
All of this speaks to the timeline of probable events to come.
I still contend that much of this is interconnected as it relates to the working relationship with our partner and it is this that needs to be resolved or at least clarified first. GLTA!