RE:RE:Bottom? Will the result of the reserves be market moving? I feel like, in the prior years, this was a non-event.
Oldnagger wrote: I just learned something today. The determination of proved reserves is based on a companies willingness to develop those reserves over the next short period (5 years I believe )
Thus the announcement by Crew of their intention to double their production within that time frame may consequently lead to a higher proved reserves quantity and a higher NPV valuation !!
PonyBoyOutsider wrote: Happy to see some Green charts in O & G this morning! Hopefully that was the bottom and now we can move forward.
Question: Anyone have any idea or expectations on the coming Sproule Reserves Report Update? Is there significant upgrade coming from great drilling results we've seen in the last year?
just trying to Garner some positive comments and suggestions to keep the love alive!
im hoping that report will give a little bump up, regardless of recent sentiment,
cheers guys,
PonyBoy Outsider