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Micro Penny Stocks, Penny Stocks $0.10 & Under
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PGPM..HUGE ALERT..LOOK AT THE PR JUST OUT!
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[QUOTE]Originally posted by ballyman: [QB] "As commented SCA Geologic (2003), "over the past 25 years significant errors haven been present in reserve calculations as a result of using the wrong thickness value to determine the reservoir quality sand or to prepare net pay maps for volumetric calculations. Errors of 20 to 30 percent are not uncommon, but on occasion errors of up to 700 percent have been documented" This might sound crazy, I would think after say 24 years of making mistakes, making error evaluations of 20 to 30% on average, that this method would find a shelf somewhere. Umm hasn't anyone figured it out yet that this doesn't work? Or will we be reading PRs like this for the next 25 years? In reality it was prolly well strategized by PGPM to use this method knowing full knowledge that it had a high percentage of error, nice lil catch all scapegoat. Hypothetical PGPM conversation goes like this: "Lets tell them 900MM, all in favor say "aye". Now we all know that there is no where near that much, but heck with a range of 0-700% error this means we won't even have to go out in the field and physically test." Damm I'm an idiot for thinking they went all high tech. [/QB][/QUOTE]
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