RE:Pareto Research Update on AFETrying to understand Pareto's number ..
A current unrisked value of 11b.12b of 4.5 SEK (US$0.42) and the value of current discoveries 2.8 SEK (US 0.26).
Current unrisked value of Gazania at 3sek ($0.28) and could double stock price with a hit.
We have 10% of 11b/12b with 3.4 trillion cft of gas (586mm boe and likely much more having drilled only 2 of 5 planned wells) and 27.5% of Gazania with possibly 300mm bbly oil.
Apply % stakes to fields, Gazania is 82mm and 11/12b 58 mm - bbls, so Gazania is bigger for AFE, but also not a discovery.
Had always assumed 11/12 to be more important (and the exploration there has been minimal, so in time cojuld be) but for the moment Gazania is very important.
Makes you thin about how to play the family - including AOI and ECO.