Inferred Resources and Reserves of C<sub>2</sub> Category: Specific Approach
In accordance with international standards, the inferred resources can not be transformed into “reserves” category because of insufficient exploration maturity. Therefore, a considerable part of Russian resource base of both estimated and proven fields (and even those under development) will not get legitimate and objective assessment in terms of presence of “reserves” category, or the “reserves” amount will potentially decrease. This may have the very negative impact on the investment attractiveness of Russian objects in the unallocated subsoil fund, as well as on the resource base of certain existing mining projects. This is obviously not the result sought by companies using international reporting standards in disclosing information on their resource base.