TSXV:ART.H - Post by User
Comment by
Baxter4on May 16, 2010 11:40pm
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Post# 17104307
RE: RE: GOOD 40
RE: RE: GOOD 40
Sinopec paid about $16 a barrel of proven and probable reserves in 2009, with the probable being your undeveloped portion. This is only slightly more than than the published rate of worldwide M&A rate of $14.40 for P2 reserves in 2009. In 2008 the number was about $5/bbl, so the price of developed producing and undeveloped is going way up, not down as you keep stating. I'm only stating the truth.
So isn't it wiser to use the more up to date value from 2009 instead of the older number