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A reservoir engineer is frequently employed by a decedent's estate to estimate the value of recoverable reserves over the expected life of the property. The year end reserve study commissioned by the Company and completed by an independent reservoir engineer estimates that as of December 31, 2006 the Company's "Developed Producing" proved reserves are 1. Petroleum Reservoir Simulations is one of the best tools that the reservoir engineer has at his or her disposal, allowing the engineer and geologist to create the most efficient and cost-effective plan possible for drilling and production. |
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