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Longview Oil Corp LGVWF



GREY:LGVWF - Post by User

Comment by ac0001on Feb 18, 2014 9:55am
331 Views
Post# 22219482

RE:RE:RE:Expectations

RE:RE:RE:ExpectationsHi Transat.

I used the 2P reserve of 38.8MMboe with a RLI of a anticipated 16.6 years as writen on the site of LNV. The reasonning of the range 15 to 20 years, is the differentaial pressur of the reservoir that could varie or fluctuate in thatt time frame. After that period, the cost for producing of a barrel of oil is more than the price that they could get for it. To extend the life of the wells, you would need a frackin technologie like gasfrac (for disclosure I own it) Wich stimulate more pressure in the reservoir then other methode ans could add up to 20 % of the RLI if the conditions are right.

Remember, that the potential buyer will pay for the actual asset and production and do not give much value for any theoritical consideration

Ac001
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