How would the proposed changes to reporting requirements benefit oil and gas companies?
Kevin Keogh: The proposed changes in the way companies disclose reserves when they file SEC reports are basically being modernized to reflect current industry practices and technological changes in the oil and gas industry. By aligning these reporting requirements more closely with the petroleum resources management system that most companies use to establish their range of reserve categories, the SEC reporting rules will be more aligned with what the industry really does. And that’s a great benefit to companies, particularly providing information that their investors really want to see. I would also like to mention that bringing these US rules in line with, particularly the rules that have been in effect in the last five years in Canada, will make it easier for multinational companies to report in the several jurisdictions that they have to report in. SNL Energy: How do you think shareholder advocates will respond to the inclusion of estimated probable and possible reserves with prove
