probable reserves

probable reserves

[′präb·ə·bəl ri′zərvz]
(petroleum engineering)
Primary petroleum reserves based on limited evidence, but not proved by a commercial oil-production rate.
References in periodicals archive ?
Rare earth company Molycorp Inc (NYSE:MCP) said on Monday that its proven and probable reserves of rare earth minerals at its Mountain Pass, California facility rose by 36% as stated by SRK Consulting of Lakewood, Colorado.
announces proven and probable reserves at Jerritt Canyon operating gold mine(C)1994-2011 ENPublishing - http://www.
Brisbane, Australia, Mar 22, 2010 - (ABN Newswire) - Texon Petroleum Limited (ASX:TXN) 2009 year end proved and probable reserves are respectively 1.
Swedish oil company Lundin Petroleum AB said on Friday (23 January) that a third-party reserves certification carried out by Gaffney Cline had increased the company's net proven and probable reserves by 29% to 72.
VELADERO PROJECT (100% basis including Filo None) Distribution of Proven & Probable Reserves Ore Tons Gold Silver Gold Silver Type Grade Grade (M st) (oz/st) (oz/st) (M oz) (M oz) Mill 12.
Today, EPL reported estimated probable reserves associated with its proven reserve base at year-end 2010 of 12.
40 g/t gold and 25 g/t silver and Probable Reserves of 371,727 tonnes grading 2.
Proven and probable reserves and measured and indicated resources in the SMC have increased by 28% and now stand at 1.
Proven and probable reserves, with dilution, have increased to 15.
Proven and probable reserves of 996,000 tons down to 1,000 feet at .

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