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It just has an estimate from a consulting company about what might be there, called a "contingent resource estimate," of which we are quite skeptical.
The deal would also place a resource base with approximately 7.5 billion barrels of oil equivalent of proved and probable reserves, on top of an estimated contingent resource base of approximately 19 billion barrels of oil equivalent, under one name.
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Recruited or payrolled contingent resources working in Massachusetts and performing work that would be union-eligible if directly employed by Harvard have a 3-month tenure limit.
Reduced access to debt and equity for the purposes of development capital, coupled with attractive valuations of reserves and contingent resources, ensures that cash-rich industry players are able to partially correct the dislocation between net asset values and current equity values.
As of 31 December 2011, the contract area contained oil and condensate 2P reserves of 658 million barrels and contingent resources of 88 million barrels, 1.5 trillion cubic feet of 2P gas reserves and 1.4 trillion cubic feet of gas contingent resources.
A week after the announcement, the stock exchange made UKOG clarify that the oil in place should not be treated as a contingent or prospective resource or preserve.
Our empirical application is referendum contingent valuation in resource economics, where one is interested in features of the distribution of values W (willingness to pay) placed by consumers on a public good such as endangered species.
At the same time, our findings reveal that this impact is indirect: selectiveness and pro-activeness influence the amount of financial resources obtained from industrial partners, while the scientific yield itself is contingent on these resources.
Sustainability in the mineral industry is contingent upon converting resources to reserves.
The estimated hydrocarbon volumes "should not be considered as either contingent or prospective resources or reserves", it says now.
Thus, the irruptions of wild boar that negatively affect oil palm and forests at our study site are contingent on distinct resources provided by each.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com