2C Resources definition
2C Resources means the unrisked best estimate scenario of Contingent Resources.
2C Resources means those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations by application of development projects, but which are not currently considered to be commercially recoverable due to one or more contingencies, and “2C Liquids Resources” and “2C Oil Resources” shall be interpreted accordingly;
Examples of 2C Resources in a sentence
The Issuer will make, or cause to be made, an announcement to ASX and POMSoX specifying the amount of the Redemption Amount in respect of each CVR Note, as soon as practicable (and in any event not later than five Business Days) after the date of determination of the volume of the PRL15 2C Resources.