RE: RE: RE: RE: RE: RE: RE: RE: Opinions There is ZERO basis to expect
.50. You can buy PRODUCING reserves in Nigeria onshore for ~$2 bbl. All this field has is 22MM 2C gross, 50% net to MRP.
Heritage just bought 1.114B bbls 2P from Shell for $850MM - that's $1.30 bbl (even lower if you include the 2.5Tcf gas that is part of the deal). And has current production of 35,000 bopd that is expected to grow to 55K bopd within a year and over 100K bopd in the next few years.
Those that continue to repeat Mira will be selling 2C reserves offshore (that are extremely expensive to develop) for MORE than developed producing 2P reserves onshore are either liars or incompetents. I don't know which is worse...