Mike Shellman's musings on "Cartoon of the Week"
The latest musings from the unique voice of Mike Shellman.
If you are in the oil & gas biz, and you haven't heard of Mike, might I suggest reading a few of his postings. Whether you agree with his views or not, he's been in the O&G biz for many decades, and has seen amazing stuff. Give a listen to a grizzled veteran of O&G.
Cartoon Of the Week
Good question.
If you have a Scribd account, download this pdf from Oil Price and read pages 7 - 10. File size is too big for me to attach.
https://www.scribd.com/document/360890054/Tricky-Terminology
Here's the text of page 7:
THE THREE P’s: PROVED, PROBABLE, POSSIBLE
The three Ps are probably some of the most misunderstood terms in the industry. They have changed and evolved, and they can often be the downfall of a new investor. Oil and gas reserve
