TSXV:ART.H - Post by User
Comment by
Baxter4on Jun 09, 2010 10:10am
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Post# 17172328
RE: Clarification Mr Good?
RE: Clarification Mr Good?I'm not Mr. Good (unless Goofy wants to accuse me of that as well), but I'm having trouble reading the table. The way I see it is the numbers you posted are the actual reserves, not the value. If I divide the NPV by the reserves I get:
P1=$17.98
P2=$22.67
P3=$23.86
These still make no sense as Proved reserves (P1) should be worth more than potential (P3). Even Goofy will probably agree with me there. The only reason I can think of is the reserves are in BOE, so the proved may be mainlt gas while the potential may be oil. Still, a lot more than $4/bbl, isn't it.