TSXV:OOI.H - Post by User
Post by
skyhi0on Jun 09, 2014 3:02pm
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Post# 22643065
Property Valuations
Property ValuationsFrom previous work, presentations and reports the estimated prospective resource of 23.7 mn bbl of “recoverable light & medium oil” (estimate from technical report prepared by Petrotech Engineering, NI 51-101 compliant) is in the middle of the range. The drilling of these wells now or in November will begin to prove up one of the 3 ranges from that report below:--------------------------- Block L14/50 – Highly Prospective Prospective Resources 100% Working Interest – Recoverable Oil Low Estimate 3.6 mn bbl Best Estimate 23.7 mn bbl High Estimate 77.4 mn bbl-------------------------------------- With the current JV and partner arrangements does anyone know how to calculate the value of the "in the ground oil" to OOI if they prove up the 23.7M barrels?