A Challenge, page-27

danpech.

Thank you for your post.

Oil and gas was the next on my list to do research to work out valuations/comparisions between companies. I have read your notes and have come up with the following.

	Barrel of oil
1	Oil US$	$70	30%	$21.00
2	Gas US$	$4	40%	$1.60
3	NGI US$	$35	30%	$10.50
4				$33.10
5
6		production	days	income (USD)
7		1,500	90	4,468,500.00
8		1,100	90	3,276,900.00
9		900	90	2,681,100.00
10		700	90	2,085,300.00
11				$12,511,800.00
12		BKK share	46%	$5,755,428.00
13

Will be very interested to see your calculations.

Im already locked in WA so no problem going to the AGM.