Oil and Gas Technical Reports
The successful listing of exploration stocks on many major stock exchanges is dependent on the submission of NI 43-101 Technical Reports in Canada and JORC Reports in Australia.
Technical Reports that meet national regulatory guidelines such as the National Instrument 43 101 (NI 43-101) or Joint Ore Reserves Committee Code (JORC) are a necessary part of mineral exploration programs. The data gathered in a mineral exploration program must be presented in an accurate Technical Report or resource audit that meets these stringent reporting requirements.
These regulations prescribe fixed guidelines that govern the way in which the scientific and technical results of mineral exploration programs must be presented. NI 43-101 and JORC reports must be written by a “Qualified or Competent Person”, an unbiased, competent third party who is independent of the property and report issuer.
SGS geologists and engineers regularly act as independent Qualified or Competent Persons. Our professionals prepare Technical Reports, resource audits and certifications compliant with NI 43-101 and JORC. SGS QPs and CPs have successfully written a variety of independent Technical Reports for companies worldwide. These documents include:
- NI 43-101 Technical Reports
- JORC Technical Reports
- Property of Merit Reports
- Preliminary Economic Evaluations
- Property Evaluations
- Prefeasibility Studies
Due Diligence and Resource Audit Services
SGS ‘s professionals can audit and analyze your data, procedures, calculations and results and submit our conclusions and recommendations as required for NI 43-101 and JORC compliance.
As part of such a study, we verify the geological model and technical database to:
- Validate the resource estimation parameters
- Estimate the resource and reserve classification
- Give appropriate recommendations relative to the project (drilling of additional holes, revised use of geostatistics and resource estimation parameters, etc.)
Rely on SGS for accurate, compliant third party exploration reporting that meets all of your corporate governance and external regulatory requirements.