Every year when late February rolls around, I steel myself for the task I am about to undertake, which is to review public disclosures for E&P companies relating to their performance from the prior year. From year-end disclosures of reserves and production figures to guidance, from press releases on financial and operating results to 10-Ks, and from investor presentations to analyst conferences, I try to review it all for my own information, something I have done for more than 30 years. Oh crap, that just made me feel really old again!
Rather than take a