OTCPK:ARNBF - Post by User
Post by
good40on Dec 16, 2011 10:57pm
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Post# 19331215
The value of Proved reserves (P1)
The value of Proved reserves (P1)Pay attention now oilman, the following shows the average value of Proved reserves over the last two years. Only 25% of Arcan's reserves are proved and producing.
https://press.ihs.com/press-release/energy-power/worldwide-upstream-oil-and-gas-asset-acquisitions-reached-record-high-107
Total transaction value more than tripled to $18 billion in Asia-Pacific, while activity was flat or lower in Europe, Africa, the Middle East, and the Former Soviet Union. The volume of distressed assets on the market dampened deal pricing gains in 2010 compared with the previous year. Weighted, average oil and gas proved-reserve deal-pricing rose to $10.59/per barrel of oil equivalent (boe) in 2010 from $9.72/boe in 2009. Deal pricing for proved, oil-weighted transactions increased to $9.78/boe in 2010 from $8.48/boe in 2009. In the U.S., deal pricing for proved, oil-weighted transactions increased sharply from $12.72/boe in 2009 to $16.51/boe in 2010. Despite persistently weak natural gas prices, gas-weighted, proved reserve deal-pricing in the United States (the world’s most liquid upstream M&A market) actually rose slightly from $11.26/boe in 2009, to $11.79/boe in 2010.