The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

PROBABLE RESERVES Definition & Legal Meaning

Definition & Citations:

The estimated amount of sources of energy that are present based on geological and engineering evidence. The recovery of such resources is possible using existing technology at an economical rate. However, the risk associated with probable reserves is that the quality and amount of resources cannot be accurately predicted due to a lack of sufficient evidence.

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