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On average, it finds, only 50-70% of initial uranium resource estimates can be extracted.
Afren recently saw several top executives leave following accusations of unauthorised payments, while it also cut resource estimates at an oilfield in Kurdistan.
Resource estimates for Kallak North were upgraded but the company said it needed to do more work to define the full extent of the ore.
In their report this week, federal geologists focused on "resource" estimates, which refer to the amount of gas that is in the ground and technically can be extracted.
Resource estimates often include gas in pockets that are so small or so deep that it may never be drilled or produced at any price.
The Africa-focused group said it had upgraded its resource estimates for the south Lokichar basin in the country after successful testing, while it had made a new discovery at Etuko.
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Finally Conroy Gold & Natural Resources jumped 10% to 2.875p after the company increased the resource estimate at its Clontibret gold project in Ireland by 20% to 600,000 ounces.
Asa Bridle at Cantor Fitzgerald issued a buy recommendation and 18p price target: While the latest resource estimate for Kallak North has not brought a substantial increase in tonnage, the upgrade made to the Indicated category is important and we expect the significant follow up drilling campaign to push the overall tonnage higher in the longer term.
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.
In early October the company published a resource estimate of 13.7 million ounces of gold and 22.4 million ounces of silver.
The R2.5DG was generated based on the IG and could be used for gold resource estimate at any given spatial domain.
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