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Gold/Mining/Energy : American International Petroleum Corp
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To: qdog who wrote (4059)10/25/1997 11:05:00 AM
From: Cathi Wierzbicki  Read Replies (3) of 11888
 
Thank you, Qdog, for your info. I appreciate it.

I found this excerpt from a Business Week article posted on AOL very interesting:

"Indeed, the very notion of what oil reserves are is changing. Rather than being a fixed number of barrels, the reserve is seen as something that grows and grows as technology finds new sources of oil and extracts more from existing fields. Take the giant Forties field in the British sector of the North Sea. In 1970, British Petroleum Co. rated it at 1.8 billion barrels of proven reserves. Yet by 1995, it had produced 3.6 billion barrels, and BP said 2.8 billion barrels in proven reserves remained."

Cathi

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