RE: NFK in the media
| Tunisia: Africa’s New Energy Hotspot? |
| Written by John Nelson |
| Friday, 07 June 2013 09:52 |
Thanks jwall: the following leaps out.
Excerpts: “The possibility for an unconventional play type also exists on our acreage but we have chosen what we believe is the "low hanging fruit" to target first … In our situation we do not need the expertise or deep pockets of a large partner. In the event of a discovery we would be able to adequately finance a development project. We anticipate that fewer than five wells would be needed to optimize drainage of our first target area, which is substantially larger than the area of production of 50 million barrels at Sidi el Kilani … Real success just on our first well would turn us from an explorer into an intermediate producer immediately … with a discovery similar to a Sidi el Kilani well, our NPV10 based on our 47.5 percent working interest would be close to $100MM, which is about 10 times the current market capitalization of the company of $9 million.”
An intriguing tidbit mentioned in NFK’s presentation of April (mentioned here before) this year is interesting: “At least one other uphole reservoir could be encountered when drilling.” It leaves one to wonder of the chances of that and if realized, the impact.
: https://africahydrocarbons.com/wp-content/uploads/2013/04/Africa-Hydrocarbons-April-2013-website-Presentation.pdf