Many Oil and Gas Deposits and Artesian Bedrock Aquifers Occur

question 116

True/False

Many oil and gas deposits and artesian bedrock aquifers occur in geologic reservoirs within structural traps.

---

Definitions:

Hedger

An individual or entity that enters into a financial contract to offset potential losses or gains in a companion asset.

American Call Option

A type of call option that can be exercised at any time before its expiration date for purchasing an underlying asset at an agreed-upon price.

Predetermined Price

A price agreed upon by all parties in a financial contract or transaction, set before any exchanges are made.

Security

A financial asset signifying either an equity stake in a corporation that's publicly traded (known as stock), a debt investment in a company or government (referred to as a bond), or entitlements to ownership through an option.