The document summarizes the evolution of generation reserves in some key electricity markets. Generation reserves, as you know, are defined as the generating capacity available in excess of peak demand. Generating reserves measure the degree to which an electricity system can withstand unexpected occurrences. Reserves have remained robust after liberalization...
J.C. Campos submits: The Federal Reserve Board of Governers will meet today to vote on the level of the all-important federal funds rate. The federal funds rate is the overnight rate at which banks can lend federal funds to one another. By law, depository institutions, such as banks, are required...
The main purpose of this article is to deal with the additional items required for company accounts – share capital, reserves, dividends and debentures. Also, it focuses on understanding how the detailed accounts are presented in the summarised formats required for publication. It also provides a sample format of the...
Quest Resource Corp. of Oklahoma on Tuesday reported total proved gas reserves of 140.5 billion cubic feet as of July 1. The gas reserves included 74.8 billion cubic feet of proved developed reserves and 65.7 billion cubic feet of proved undeveloped reserves. Total proved oil reserves as of July 1...
FORT WORTH, Texas -- Encore Acquisition Company (NYSE:EAC) today announced that its estimated proved oil and gas reserves increased by 23% to 173 million barrels of oil equivalent ("BOE") as of December 31, 2004. Oil reserves accounted for 77% of total proved reserves, and 71% of proved reserves are developed....
FORT WORTH, Texas -- Encore Acquisition Company (NYSE:EAC) today announced that estimated proved oil and gas reserves increased by 13% to 196 million barrels of oil equivalent ("BOE") as of December 31, 2005. Oil reserves accounted for 76% of total proved reserves, and 71% of total proved reserves are developed....
A quantitative framework is developed to bring forward the insurance motive of holding international reserves. The insurance value of reserves is quantified as the market price of an equivalent option that provides the same insurance coverage as the reserves. This quantitative framework is applied to calculating the cost of a...
This paper investigates whether insurance companies systematically over- or underestimate their reserves, in the sense that the reported reserves deviate from the expected future losses and if so by how much, by focusing on reported reserves for covering losses from previous accident years, in five policy lines. An important part...
TAIPEI, Jan. 8 Kyodo Taiwan's foreign reserves totaled 90.34 billion U.S. dollars at the end of December, up 2.27 billion dollars from the previous month, according to the latest figures by the island's central bank. The reserves were up 6.84 billion dollars from December 1997, the Central Bank of...
MIDLAND, Texas -- Tandem Energy Holdings Inc. (OTC:TDYH) (the "Company"), an independent energy exploration and development company, today announced the completion of its independent engineering reserve report as of September 30, 2005. The report was issued using NYMEX prices effective September 30, 2005, as required by the Securities and Exchange...
As background for understanding the monetary policy implementation process, this white paper, first offers a brief description of the institutional setting under which depository institutions hold and manage their reserves. It then reviews a variety of influences on supply and demand conditions for reserves. The review emphasizes the role of...
FORT WORTH, Texas -- Cano Petroleum, Inc. (AMEX:CFW) today announced that estimated proved oil and natural gas reserves increased to 66.7 million barrels of oil equivalent [BOE] as of June 30, 2007, which is 47% higher as compared to 45.4 million as of June 30, 2006. Oil reserves accounted for...
The Federal Reserve System faces a difficult task in maintaining monetary stability as the banking industry develops new financial services to avoid increases in required reserves. Sweep accounts, which automatically give customers access to money market The Federal Reserve System faces a difficult task in maintaining monetary stability as the...
This paper examines the (quasi-)fiscal impact of the opportunity cost of international reserves. It proposes a conceptual framework, with particular emphasis on two hitherto somewhat neglected aspects: a more appropriate measure of gross opportunity cost, and potential savings from lower external debt spreads that countries "buy" by holding reserves. The...
The proven oil reserves of Uzbekistan have been estimated at 0.6 billion barrels at end-1997 by BP. But the Tashkent government says the proven reserves are more than twice as much. The country's proven and probable gas reserves have been estimated offThe proven oil reserves of Uzbekistan...
NATO's new plans for its main defence forces, outlined in May, depend on large numbers of reserves. Th assumption is that the West would get long warning of a Soviet attack. It could rely therefore on reserves to provide back-up forces and to fill up NATO's...
HOUSTON -- The head of the Securities and Exchange Commission SEC unit that monitors the reporting of proven oil and natural gas reserves said Wednesday the agency is considering whether to recognize probable reserves, as many companies have advoc HOUSTON -- The head of the...
LONDON, October 9 /PRNewswire/ -- Reservoir Engineers and reserves experts from across the globe are meeting at IQPC's Reserves Estimation, Classification and Reporting 2007, 14-15th November 2007, London to share their experience in making credi LONDON, October 9 /PRNewswire/ -- ...
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