Real hard to answer N5 because of the mix of conventional and non conventional reservoirs as well as the depth variation in zones.
If we compare a producing Paloma to a producing field like NSA ,broker valuations have been in a wide range from $15-$37BOE.
In production I'd be comfortable at $15-$20 though in the market we are in right now I'd say it would be discounted to $10 temporarily.
As a discovered contingent resource $5 is about right for now, when we get the green light on commerciality say $10, and in production about $15-$20BOE. So we should go from $5BOE to $15+BOE in say a 6 month period subject to a discount/premium dependent on the health of global markets.
NEN Price at posting:
33.7¢ Sentiment: LT Buy Disclosure: Held