Limitations of Modern Reserve Disclosures
55
Daniel Johnston
Oil company shareholders have access to more information than ever before. But is it enough, and is it the right kind of information? The efficiency of the marketplace is the issue, and there is a direct positive correlation between that and information quality, quantity, and velocity. Geophysical and petrophysical data gathering, processing, and interpretation technology have made huge advances in the past two decades. Furthermore, the investing public is more sophisticated and is ready for more, better, and faster information.
Limitations of Modern Reserve Disclosures. Johnston, Daniel, Summer 2003, pp. 55‑74.