BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Tendenci - The Open Source AMS for Associations//Tendenci Codeba se MIMEDIR//EN BEGIN:VEVENT DESCRIPTION:--- This iCal file does *NOT* confirm registration.\r\nEvent d etails subject to change. ---\r\nhttps://www.spegcs.org/events/1287/\r\n\r \nEvent Title: Reservoir: The Changing Landscape of SEC Reserve Reporting\ r\nStart Date / Time: May 21, 2009 11:30 AM US/Central\r\nLocation: Courty ard on St James\r\nSpeaker: John Hodgin\r\nGoogle\r\nhttp://maps.google.co m/maps?q=1885+St+James+Place,Houston,TX,77056\r\n\r\nForecast\nhttp://www. weather.com/weather/monthly/77056\r\n\r\nDisclosure requirements relating to oil and gas reserves were first introduced by the SEC pursuant to a dir ective in the Energy Policy and Conservation Act of 1975 to “take such s teps as may be necessary to assure the development and observance of accou nting practices by person engaged, in whole or in part, in the production of crude oil and natural gas in the United States”. In the three decades since adopting SEC Regulations S-X (1978) and S-K (1982), the SEC has iss ued certain Staff Accounting Bulletins dealing with matters relating to th e application of these regulations, but the regulations relating to the re porting and disclosure requirements of proved oil and gas reserves have no t been revised. On December 31, 2008, the Commission issued the “Moderni zation of Oil and Gas Reporting” as a final rule in SEC Release No. 33-8 995 concluding a year long process of public comment on the proposed amend ments to Regulations S-X and S-K. The changes, codified as amendments to t he prior regulations, apply to companies that file a registration statemen t on or after January 1, 2010, and for annual reports on Forms 10-K and 20 -F for fiscal years ending on or after December 31, 2009.\r\n \r\nThis pre sentation will address some of the major changes as well as the challenges to the application of the updated regulations for such topics as the pric es used for disclosure and accounting purposes, the inclusion of certain n ontraditional resources such as mined bitumen as part of a company’s oil and gas reserves, the application of “reasonable certainty” rather th an “certainty” for the determination of proved undeveloped reserves, t he use of new ‘reliable” technologies to establish reserves estimates and the optional disclosure of non-proven reserves.\r\n\n\n--- This iCal f ile does *NOT* confirm registration.Event details subject to change. ---\r \n\r\n--- By Tendenci - The Open Source AMS for Associations ---\r\n UID:uid1287@spegcs.org SUMMARY:Reservoir: The Changing Landscape of SEC Reserve Reporting DTSTART:20090521T163000Z DTEND:20090521T180000Z CLASS:PUBLIC PRIORITY:5 DTSTAMP:20240328T224455Z TRANSP:OPAQUE SEQUENCE:0 LOCATION:Courtyard on St James X-ALT-DESC;FMTTYPE=text/html:
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This presentation will address some of the major changes as well as the challenges to the application of the updated regulations for such topics as the prices used for disclosure and accounting purposes, the inclusion of certain nontraditional resources suc h as mined bitumen as part of a company’s oil and gas reserves, the appl ication of “reasonable certainty” rather than “certainty” for the determination of proved undeveloped reserves, the use of new ‘reliable ” technologies to establish reserves estimates and the optional disclosu re of non-proven reserves.