Antman4, how does 453PJ equate to 78MMbbls ?
If you are converting at the energy equivalent to get BOE's which many oil companies do in their reporting then it would be wrong. You need to convert at the economic equivalent and you will find that you get a very different number,.....much less.
Secondly, the $70 million per year was based on an $US/A$ exchange rate of 65cents. Now its more like $53 million per year.
Finally, pay no attention to brokers valuations. They only use the same assumptions NXS tell them to and then regurgitate the result.
Occam
shrewd management, page-9
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