Motivation

1. Interest for GC

1.1. Covering OM and reserve analyses internally

1.2. Gaining expertice which is not self-evident and common

1.3. Competitive advantage through rare knowlege

1.4. Improving skills in Commodity invest, hence GNR

1.5. independence and background knowlege in OG Accounting

1.6. CG believes in fundamental analysis and in fair value of reserves as assets

2. Personal motivation

2.1. Interest in commodiy investment

3. Trigger

3.1. Economic Crisis triggered impairment in reseve

3.1.1. Uncertain how it will affect investment analytics

3.2. Analysts neglect to analyse OM since short term information are mainly based on FM

3.3. Questions appered regarding comparability and analytical procedures