Insight
Explorers court investors with growing trend of prospect volume and risk disclosure
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
We review the growing transparency of forward exploration programmes. Explorers, led by Small and Mid-Caps, are revealing prospect details including pre-drill volumes and risks. Over the past five years they have established a healthy track record of prediction accuracy. Over 95% of announced wells are completed within the year and around 80% of predicted volumes have been discovered. We expect the quantity of prospect disclosure to continue rising.
Table of contents
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Executive summary
- Investors need data if they are to value exploration potential
- Explorers react with much improved exploration programme disclosure
- A good track record of programme and prospect disclosure is established
- Expect more prospect disclosure in future
Tables and charts
This report includes the following images and tables:
- Small and Mid-caps exploration disclosure trend
- Large-cap and Majors exploration disclosure trend
- The most transparent 2014 exploration programmes
- Exploration drilling programme delivery track record
- Risked prospect volume prediction accuracy
What's included
This report contains:
