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Financial regulatory bodies like the Security Exchange Commission, (SEC), “permits oil and gas companies to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under economic and operating conditions†(Federal Reserves 2007)...
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Financial regulatory bodies like the Security Exchange Commission, (SEC), “permits oil and gas companies to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under economic and operating conditions†(Federal Reserves 2007)...
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