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Gold/Mining/Energy : ATPG Shareholders

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To: silkscreen12 who wrote (3299)6/6/2013 4:14:56 PM
From: Billy Bilgewasser1 Recommendation

Recommended By
positiveenergy18

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Great laughs. You're a very funny guy. And right too.

So you offer wonderful entertainment (that is, Schadenfreude for you), regardless of the missing sarc marks.

My question for you as a guy in the oil and gas business is, why do the E&P companies even order and pay for the reports from the independent reserve engineers such as Neverland, Sewell & Associates, Inc. (misspellng intended) and their ilk? I can certainly understand how the opined values could suffer by 20%, 30% or 40% when a company enters bankruptcy. But I don't get the delta from $6 billion down to $700 million.

Does NS&A never have to explain? I'm wondering who is their E&O carrier.
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