TSXV:ART.H - Post by User
Comment by
justin_a_lyesseon Jan 18, 2010 12:59pm
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Post# 16690925
RE: Recoverable vs. OIP?
RE: Recoverable vs. OIP?The recovery can vary greatly depending on the oil field. For the VST news release, they used a recovery rate of about 16% . The estimate I gave for the price increase of $6.75 per billion barrels was based on a recovery rate of 37%. This recovery rate (37%) was used by Scotia to estimate the NAV increase to NKO if they hit 400 million barrels.