Goodbye 2015, page-3

Re: “I'm looking forward to seeing the price back in the teens and beyond in 2016”

Hi Mr. H, and hello April 2016, not so far away now.

Thought it might be useful to skip some of the intermediates and see what the tables call up for the 3 well completion. With even a little improvement in the oil price I think you’ll find what you are looking forward to here

Post 2016 Bel 1/SNE 4 progress market price forecast targets in the absence of takeover:

Extracted from the FAR spreadsheet Christmas review tables – recoverable volume targets assumed to be about 75% proved by area:

http://hotcopper.com.au/threads/far...review.2670259/?post_id=16688126#.VoJ-RlIpo4g

Brent Oil US$30.0
April 2016 SNE 4 (Bel No) BEL Yes
330mb table: $0.042 0.048
400mb table: $0.048 0.056
500mb table: $0.059 0.071
600mb table: $0.070 0.081
700mb table: $0.082 0.091


Brent Oil US$37.50
April 2016 SNE 4 (Bel No) BEL Yes
330mb table: $0.054 0.069
400mb table: $0.068 0.080
500mb table: $0.085 0.103
600mb table: $0.102 0.118
700mb table: $0.120 0.134


Brent Oil US$45
April 2016 SNE 4 (Bel No) BEL Yes
330mb table: $0.076 0.089
400mb table: $0.089 0.105
500mb table: $0.111 0.134
600mb table: $0.133 0.155
700mb table: $0.157 0.176

Brent Oil US$60
April 2016 SNE 4 (Bel No) BEL Yes
330mb table: $0.125 0.148
400mb table: $0.146 0.174
500mb table: $0.184 0.225
600mb table: $0.222 0.260
700mb table: $0.264 0.295

pj
Disclaimers, rationale, assumptions etc as per linked previous