Reserve & Resources Audit and Certification

 Reviewing/auditing/certification some of the factors that have impact in an estimate of reserves

 and/or Reserves Information prepared by others and the rendering of an opinion about :

 The appropriateness of the methodologies employed

  The adequacy and quality of the data relied upon,

  The depth and thoroughness of the reserves estimation process,

  The classification of reserves appropriate to the relevant definitions used.

  The reasonableness of the estimated reserves quantities and/or the Reserves Information.

 Independently review data used by the company to complete its analyses. This includes

 reviewing selected geophysical, geological and reservoir engineering data and combining these

 with the reserves auditor's in-house database.

 Determine, after a property-by-property review, whether or not the reserves auditor can agree,

 in the aggregate, with the estimated recoverable reserves. If not, the auditor may be asked to

 prepare a reserves estimate of certain properties.

 Meet the professionals who completed the studies to determine the methods used and

 assumptions made.

 It is best to coat the audit before the company publishes its internal reserves report.