Let’s give an example which maybe explains what I’m talking about. Back in the late 1990’s several Australians were very active in the IEEE802.11 working group, these Aussies formed a company (Radiata) and designed one of the first working 802.11a chipsets. The intellectual property behind this was developed several years earlier by the CSIRO and the company combined several experienced semiconductor Industry professionals with a couple of Academics and leveraged this CSIRO knowhow (IP).
The result was a company that was at the top of its game and was therefore invited to participate in and indeed even lead the 802.11g (2.4Ghz wifi) working group.
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Frontera Announces 2020 Year End Reserves
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Extended Net 2P Reserves Life Index to 10.6 years in Colombia
2P Reserves Net Present Value (10% discount) of $1.888 billion Before Tax
Added 18.9 MMboe Net 2P reserves from Colombia fields
TORONTO, March 3, 2021 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) (
Frontera or the
Company ) today announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton (
D&M ). All dollar amounts in this news release and the Company s financial disclosures are in United States dollars, unless otherwise noted.
Richard Herbert, Chief Executive Officer, commented: In 2020, Frontera safely and efficiently added 30.6 MMboe Proved plus Probable (