Compliant reserve reports from Canadian firms to

01/19/2004
Canadian investors can expect to see more details on oil and natural gas reserves reporting in annual reports starting this spring because securities commissions across Canada have adopted uniform, updated reporting standards for public companies.The Alberta Securities Commission (ASC) developed the proposal for the Canadian Securities Administrators (CSA). Unlike the US, Canada does not have a federal securities commission.CSA is an umbrella organization representing 13 provincial and territorial securities commissions.Public oil and gas companies whose stock is traded on exchanges in Canada must hire independent reserves evaluators or auditors to report on their oil and gas reserves and...
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