05.07.2009
If determinist methods for estimating reserves are used, then reasonable certainty is intended to express a high degree of confidence that the quantities will be recovered. If probabilistic methods are used, there should be at least a 90% probability that the volumes actually recovered will equal or exceed the estimate. The SEC considers the concept of reasonable certainty to imply that, as more technical data becomes available, a positive, or upward, revision is much more likely than a negative, or downward revision
Set of obligations or set of accepted standards that the lessee (operator) has towards the lessor (i.e. the state) or vis-?-vis his partners under an operating agreement. The main concept is that it requires that the operator act in a manner that would be perceived by the industry in a reasonable and prudent manner
Downhole drilling tool
REIT is a real estate company that offers common shares to the public. In this way, an REIT stock is similar to any other stock that represents ownership in an operating business. But an REIT has two unique features: its primary business is managing groups of income-producing properties and it must distribute most of its profits as dividends
The Reading power station situated in the north of Tel Aviv was established in 1938 by Pinhas Rutenberg. It is the third power station to be established in Israel. It currently has 2 x 214 MW turbines and consumes up to 90 thousand tons per hour of natural gas at maximum capacity