RE:Reserves?goldwatch69 wrote: From May 17, 2023 article titled Jasmine Oil Field 90 Million Barrel Milestone
"The Jasmine field is an excellent example of the potential for reserves replacement within the Gulf of Thailand. At its original development sanction, Jasmine was believed to have oil reserves of approximately seven million barrels. "
"As of May 15, 2023, the Jasmine oil field produced its 90 millionth barrel of oil, greatly exceeding the expectations set for the field at its original development sanction in 2004 of approximately seven million barrels."
Could be another 90 million barrels sitting out there, who knows. They just keep on drilling and finding more oil. Jasmine and Nong Yao keeps on producing. Nong Yao expanding. Wassana surprise with deeper drilling. This can go on for decades.
VLE valuation based on reserves is pointless. This is very different. Cash flow and growth is what matters.
Yes, that's your, my, everyones speculation here. The big boys don't bet on "past"+"could be". Show them audited reserves on paper and you can convince them.