RE: RE: RE: RE: PXMThe $7.4mm NPV 10 value is for 2P reserves from the 3 successful wells. Reserve engineers are very conservative with their areas and will basically put a "box" around the wells and call that area "reserves"..
No this is not the potential of the whole Hamilton and Willow prospects. PXM in their presentation gives a "Gross recoverable reserves" for both of the prospects of btw 130-140BCF, thats 65-70 net to PXM.
If both these prospects pan out - they would have a potentialNPV 10 value of several hundred million $ to BUK and PXM.
Bigbadoil