back from whence it bounced, page-4

Hi bignote
You are right...Based on previously quoted numbers and NPV used for Denbury resources co2 reserves for some of their projects, I would expect a NPV above $5 a share from Ryder once co2 is sourced, before JV.

This is from the february investor presentation.....

Grieve EOR -
Potential Model Economics*
• Assumptions
– Life of Project 20 Years
– Start of CO2 injection Q3 2007
– Start of Production Q1 2008
– Peak production Rate 4,000 BOPD
– Crude Price Received US$45/Bbl
– Capital Required over Project Life US$28 MM
– CO2 Expense Costs and Opex US$18/Bbl
• NPV@ 10% ( 100% of Project )* AUD$155 MM
* Potential Model Economics are not a prediction of the project outcome and have been
included for illustrative purposes only. Assumptions used are estimates only and actual
project economics will be dependent on further studies.


The above gives a NPV of $2.50 a share, however if you put in... $80 oil instead of $45...peak flow rates of 8000bopd instead of 4000...6years to recover 80% of oil.....and 23mil barrels instead of 12mil....the numbers are very large and that is why this stock has massive potential.....I will let some one else put up what they think the NPV will be or i will cop it for being a ramper..
Cheers