KPMG LLP

60 percent of oil and gas execs believe trend of declining reserves is irreversible

Results of a KPMG survey, which polled 553 financial executives from oil and gas companies in April 2007. “These executives are deeply concerned about declining oil reserves, a
situation they see as irreversible and worsening,” said Bill Kimble of KPMG LLP.

May 25, 2007

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