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Niko Resources Ltd NKRSF

Niko Resources Ltd is an oil and natural gas exploration and production company.


GREY:NKRSF - Post by User

Bullboard Posts
Comment by ziboon Aug 22, 2018 8:53am
94 Views
Post# 28497837

RE:RE:2022 NIKO gross revenue

RE:RE:2022 NIKO gross revenueThanks for your opinion / coments Expatman

BP's president stated that the 3 resources have about 3 trillion cubic feet of discovered gas so, if they will be producing 35,000,000 MMSCM per day:

35,000,000  x 365 days 
12,775,000,000 MMSCM per year

12,775,000,000 x 10 years = 120,775, 000,000 MMSCM 


3 trillion ( 3,000,000,000,000) MMSCM gas reserves means that over 10 years of production @ 35,000,000 per day, only puts a small dent in known reserves after 10 years of production.

That would suggest what? as far as value of  reserves, did I screw up with these calculations, if not these number's are staggering.

I would appreciate your opinon Expatman.



Bullboard Posts