Note that extraction rate is for conventional resources only (unconventional includes extra heavy oil from oil sands and tight oil, modelled separately) conventional accounts for 94% of URR. Iron Mike 04/14/2021 at 12:54 pm Hi Dennis, What level of economic output do you assume for this ...
There is no simple formula for determining the proper level of reserves. Many co-ops and condos maintain a reserve fund by falsely using informal rules of thumb (i.e., three or six months of maintenance), which may not be sufficient. In order to determine the proper level of reserves, a...