Exact(44)
On average, it finds, only 50-70% of initial uranium resource estimates can be extracted.
This was due to an architecture and protocol change in specifying resource estimates and limits.
Geologists tend to favour more modest resource estimates, frequently stressing the relative inaccessibility and density of the shale formations.
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.
Similar(16)
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.
The R2.5DG was generated based on the IG and could be used for gold resource estimate at any given spatial domain.
Even if we assume annual discoveries stick at the current level for the next 20 years, the survey resource estimate is still 500bn barrels too high: the survey numbers imply an oil production peak in 2017-21.
Here, we apply various rock physics models to the P-wave sonic velocity logs that were collected during the Indian National Gas Hydrate Program NGHPP) Expedition 01 at sites NGHP-01-05 NGHP-01-05 NGHP-01-05e resource estimand NGHP-01-07 NGHP-01-07 NGHP-01-07
Most in the industry understand that this is actually a conservative resource estimate because USGS limits its resource assessments to reserves that are producible using current technology.
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