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Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the Symposium on Energy, Finance, and Taxation Policies, September 19–20, 1988
Paper Number: SPE-18511-MS
.... Bank engineers or consultants have a feel for the quality of the collateral that cannot be substituted by an insurance policy. Traditionally, most commercial banks have not placed loan value on proved undeveloped reserves because of the high risk (for banks) associated with this category of reserves...
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