Initial Proven Reserves
Initial Proven Reserves : Defined in either COGEH or SPE - PRMS as bitumen reserves within the company defined Project area having a "high degree of certainty" (90% probability) of being produced using current technology at current prices, with current commercial and regulatory terms and conditions prior to first production at inception of the OSR Project application. For OSR Projects approved prior to June 30, 2009, operators may determine the "As at Date" to provide the DOE with a historical date. Operator defined date must be December 31, 2008 or earlier. Note: Report gross reserves calculated prior to royalty determination
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