Tag Archives: mining and oil and gas companies

ILN Today Post

Standards for Reporting Minerals and Oil and Gas Reserves and Resources

Under Australian Corporations law, mining and oil and gas companies both listed and unlisted are required to disclose ‘not generally available information, that a reasonable person would expect, if it were generally available, to have a material effect on the price of securities in a corporation’. The disclosed information however must not mislead investors.

In Queensland, coal and gas are the predominant commercial energy forms. The sophistication of the technology used to locate and extract coal and gas has advanced considerably over the past decade and end-user markets are now predominantly offshore. As a result of these and other advances the language used in these sectors has become highly specialised and continues to evolve rapidly. More…

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