SEC's Proposed Rule Would Provide More Useful and Accurate Picture of Oil and Gas Reserves; Industry Reporting Could Include Unproved Reserves Deemed 'Probable' and 'Possible'

摘要

The Securities and Exchange Commission (SEC) on 6/26/08 proposed changes to its reporting requirements for oil and natural gas companies in order "to provide investors with a more meaningful and comprehensive understanding of oil and gas reserves, which should help investors evaluate the relative value of oil and gas companies."