Hi guys
Sorry about todays bad news and i hope it comes back hard for you.
I have spent a lot of time working on estimating the value of oil in the ground and time after time my research takes me back to the same place.
Oil like all other products has a time value attached to it. The longer it takes to get it out of the ground the cheaper it gets.
So in saying this dust off your old DCF,s and re crack the figures.
If production has dropped under 10 years supply it gunna hurt and every year you have lost under 10 will have a impact on the share price. But if you have over 10 years plus production supply left, then once the market gets its head around things then it should head back up.
Best of luck guys
total reserve, page-17
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