RE:RE:RE:EV and FCF best measures You are most probably right on the life of the field , the more important question will NS start to recognize this fact or will the company continue to be burdened with QP opinion which is clearly starting to look silly. I wrote in an earlier piece how RE arrive at volumetric measures , but do not have any way of measuring reccharge , a poor proxy is resevoir pressure. if this field does extend past 2030 the value of the reserves becomes too silly to mention here, suffice to say the stock would be solid mid double digits , the proverbial 10 bagger. As always please do your own DD and understand how RE calculate reserves , plus always be aware of the volatility of the foward curve in oil , if unrest persist and the curve responds this could easily extend to triple digits. $150 oil on current production produces a billion in FCF just saying