RE: RE: UNRISKED AMOUNT OF OIL IN PLACEBased on the historic value of asset sales, the general starting point for producing reserves is around
25% of the relevant commodity price.
Undeveloped reserves is about 25% the price of producing reserves.
Note, the difference between reserves and Prospective Resource. There is no risk associated with
Prospective Resource, as the definition describes undiscovered resource. Assume a 50% risk of finding hydrocarbons, a 50% risk that the hydrocarbons found is oil and not gas, a 50% risk of commercial quantity and a 75% chance of being developed. Multiply them together and the chance of successful development is less than 10%.
Taxdemicco has done this before using another alias. Anyone with an ounce of experience wouldn't apply value
this way. It is a scam played over and over. You don't apply a value, using all potential production, all at once,
without accounting for exploration costs, appraisal expense, development, operational and g&a costs without tax implications. All this while ignoring share dilution , which minimally might increase 10% per year with options granted alone.