What Is the Difference Between a Proven Reserve and a Potential

question 17

Essay

What is the difference between a proven reserve and a potential reserve?

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Definitions:

Market Conditions

The various factors that affect the demand and supply of products and services in a market, influencing prices and the economic environment.

Output

The amount of goods or services produced by a business, industry, or economy within a certain period.

Expected Cost

The anticipated expense associated with a particular action, considering all possible outcomes weighted by their probabilities.

Revenue Data

Information related to the income generated from normal business operations, such as sales of goods or services.