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Proven Reserves

APES-FJXX4L

What is the difference between proven reserves and unproven reserves?

A

Proven reserves have been harvested already while unproven have not.

B

Proven reserves have a reasonable certainty of being recovered while unproven reserves do not.

C

Proven reserves have been mapped out adequately while unproven have not.

D

Proven reserves are publicly known while unproven are kept secret.

E

Unproven reserves are the most easily recoverable oil while proven reserves require secondary recovery to harvest.