Scroll Top

search-icon
    drop-arrow

    Proved Reserves

    Introduction

    Proved reserves, in the mining sector, means the number of hydrocarbon resources that can be recovered from the deposits with certainty. This is a common metric used by companies that deal with natural gas, oil, coal, and other commodities. Proved reserves are used to gauge the value of a mining company in terms of the ability to generate future revenue this is partly dependent upon how much of the discovered resources they will be able to extract from the ground, reliably.

    Understanding Proved Reserves

    Proved reserves are determined based on extensive geologic and engineering studies companies need several years to estimate the number of proven resources.

    Another type is an unproven reserve where reserves are discovered, but the company is unable to estimate the resources recoverable to a reasonable degree. This is not considered as an official part of their valuation. Only companies that increase their level of proven resources over time get a favourable response in the price of their shares.

    Popular Topics

    Latest Articles

    Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

    Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

    CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

    Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

    Cleartax is a product by Defmacro Software Pvt. Ltd.

    Company PolicyTerms of use

    ISO

    ISO 27001

    Data Center

    SSL

    SSL Certified Site

    128-bit encryption