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Question 122.01

Question: What oil and gas prices should be used to estimate probable and possible reserves?
Answer: Unproved reserves should be evaluated using the same price as used for the evaluation of proved reserves. [Oct. 26, 2009]

Question 122.02

Question: Does the new definition of "proved oil and gas reserves" require issuers to change their existing procedures for determining costs?
Answer: No. [Oct. 26, 2009]

This is a work of the U.S. Government

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