Ya,
"JW1's 'High estimate' of UOIIP: 500 mmbbls
(For now I prefer 35 mmbbls unrisked & 8 mmbbls risked as per slide#8, 19/5/10)
So an IGV of $15/bbl * 500mmbbls * 15% Recovery = $1125m
Shares on issue: 907 mil
Unrisked value: 1125/907 = $1.24/sh
CoS= 22% * $1.24 = 27c/sh risked IGV/sh
One can use this for Surprise."
Can you please clarify for me ( and others) I dont doubt your expertise, just seeking clarification.
You appear to have reduced the 500 mmbbls down to 35 mmbbls.
And you appear to have also allowed a Cos of 22%. Just clarify for me please, why have you reduced the 500 mmbbls and also then allowed the Cos at 22% . I apreciate that you may be of the opnion that the 35 mmbbls is the recoverable amount, if that is your thinking please confirm
Just that its a bit confusing
Regards
CB
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