TSXV:ART.H - Post by User
Comment by
justin_a_lyesseon Feb 26, 2010 9:55am
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Post# 16822897
RE: RE: RE: Justin's calculations
RE: RE: RE: Justin's calculationsThe 37% is the recovery rate based on Scotia's analysis. It just happens to be to same percentage as VST's interest. The reason I put 16.5% recovery rate for VST is based on their news release from Jan 18, 2010. In that resouce estimate, the recovery rate is 16 to 17 % (depending on which estimate you use)
PIIP and Prospective Resources (Unrisked)(1)(6)(7)(8) |
Qara Dagh Block |
As of December 31, 2009 |
| Oil (millions of Barrels) |
Category | Low Estimate P90(2) | Best Estimate P50(3) | High Estimate P10(4) | Mean Estimate Pmean(5) |
Petroleum Initially in Place | 1,674 | 2,742 | 4,896 | 3,129 |
Prospective Gross Ultimate Recovery | 269 | 450 | 849 | 526 |