Teton Petroleum (TTPT) -- Russian Oil Message Board

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Gold/Mining/Energy : Teton Petroleum (TTPT) -- Russian Oil

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To: Ed Ajootian who wrote (3)	3/21/2002 2:51:33 PM
From: Crossy	Read Replies (1) of 115

Ed, well I missed out HHLF and BNO but I joined TTPT (OTC/BB). Let's see.. I like what I see here. Thx for the research.. I'm not at my "home turf" with oils, so have a question on their proven research calculation. Right now it appears to be around 44 MBO or 250 BCFE. could you tell me how this figure is arrived at ? Is this an estimate or does any appraisal going into this number require the drilling of wells first to be eligible for inclusion in the proven reserve figure. In other words, if a company has 5 properties, only 2 are drilled. What happens to their proven reserves regarding the other 3 that have not yet been drilled ? And in case of TTPT, what could be expected with proven reserves if all their property could be asessed in a consistent way ? would it be reasonable to think that the rservere number could increase significantly ?? rgrds CROSSY

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