it’s safe to roughly estimate 1bcf to $1,000,000 i.e 63bcf = 63 million MC until production testing however it amounts to diddly squat for the most part, seems pretty common for the market to value it at around 50% of the discovery pre proofing of the well so say $30mil of value added today + whatever the oil amounts to (which I believe the report described as below the original estimate)
this is the main reason we didn’t see much change today apart from the overall market pressure our prospects are just that until mid Q1
TPD Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held