Insight
Explorers court investors with growing trend of prospect volume and risk disclosure
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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:
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Small and Mid-caps exploration disclosure trendLarge-cap and Majors exploration disclosure trendThe most transparent 2014 exploration programmesExploration drilling programme delivery track recordRisked prospect volume prediction accuracy
What's included
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