1) cash flow valuation : it's of course DCF, which means you...

1) cash flow valuation : it's of course DCF, which means you have to discount future cash flows, with three variables, prod duration (if they say 20 years, it's OK, so don't use 10 years), expected POO, and rate of discount
2) POO : I am much more optimistic than most of you because I think it's more and more difficult to bring new oil on the market, OPEC has very few spare capacity and Russian oil will be severely impacted by sanctions. So, forget 75$
3) reserve valuation : 2C at 20$ would be a dream ! In fact it's much easier to value 1P or 2P reserves. For these data, we have to wait...

For the moment, I am comfortable with Euroz minimum valuation at 55 cts, without Apus

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