EXE 0.00% 3.8¢ exoma energy limited

Ann: Exoma Confirms Shale Oil and Gas Potential , page-4

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  1. 697 Posts.
    re: Ann: Exoma Confirms Shale Oil and Gas Pot... Gammat, you asked about putting a value on the shale oil and shale gas.
    Below are some calcs posted on hotcopper 23 January on my post 7658182

    Shale Oil from Bessies Results
    Estimated 2.2 million barrels Oil in Place per square kilometre.
    Thus 20,000 sqkm X 2.2 m barrels = 44 billion barrels
    Assume recovery of just 3% = 1,320 million barrels.
    If present value of in ground oil is discounted to US$20 per barrel, then value of in ground oil is
    1,320 mb X US$20 = US$26.4 billion.
    Exoma 50% share = US$13.2 billion = A$13.2 billion
    Estimated present value per share of shale oil is $23.10.

    Part c: Shale Gas from Bessies Results
    Estimated 20,000 square kilometres @ 4 billion cubic feet per square kilometre = 80 trillion cubic feet (TCF) of Gas In Place (GIP).
    Assume recovery of 5% of gas = 4TCF.
    At $450 million per TCF as per recent sales of 3P, then 4TCF= $1.8 billion.
    Exoma 50% share = $0.9 billion
    Estimated present value of shale gas is about $1.70 per share.

 
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