Exploration decisions are based on the numbers that are supposed to represent the Prospects in a Exploration Portfolio. For optimal decision making it is therefore essential that there is good understanding of the Prospects and that the numbers are a good representations of this understanding.

However, often companies are in a situation where they do not fully understand the value of their portfolio because of incomplete understanding of the prospects and their numerical representation.

If your company is in such a situation, we offer consulting services to address that situation with comprehensive in-house Prospect Portfolio reviews (jointly with your QA-QC team) that will result in increased understanding of the value of the Prospects and Prospect Portfolio. With these reviews we focus on:

• Prospect Evaluation in its Play context (to increase the understanding)

• Quantitative Evaluation of Prospect Risk and Volumes (to improve the accuracy of the numbers)

• Coaching of staff by going through the technical rigor of such an assessment

Depending of the size of the Portfolio such an effort can take between 1 week and several months. It will result in an improved understanding of the Exploration Opportunities and consequently into better Exploration Decisions.