TSXV:ART.H - Post by User
Comment by
Baxter4on Mar 18, 2010 3:04pm
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Post# 16899651
RE: Baxter, dont reply directly.
RE: Baxter, dont reply directly.You're right, I'll try to remember.
Just thought of something. In the quote Goofy was trying to back in my face it implies 1P reserves in the US were worth $18.80. Yet his arguement for $4.00 /bbl was having P1 reserves worth $8.xx/bbl and P2 worth $5.xx/bbl and then discounting it further due to the lower commodity prices. Something smells a little fishy with his numbers, n'est pas?
In the U.S., valuations for 1P oil reserves ended the year at about$14.10 per barrel, down 25% from the 2008 peak. For 1P gas reserves,values ended 2009 at about $1.80 per Mcf, down 40% from the 2008 peak.