U will have to read the transcript pg-5, last para, covers it...

U will have to read the transcript pg-5, last para, covers it all.

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If u r trying to do a DCF, then pump out the 2P-46 mmbbls in 10 yrs (ie 2020 to 2029), plus 11th year (ie 2030) as ABEX of say USD150-200mil as there's just 10 wells (6 oil, 3 Water iNjctr's, 1 Gas Injctr & a Leased FPSO in shallow waters).

- USE a conservative POO of USD39/bbl for this year, USD49/bbl for nxt & 59/bbl till End of Production in 2029.
- Opex of USD20/bbl,
- Capex of 5/bbl.
- 10% royalty paid on Gross Revenue.
- Deduct the Roy & costs from the Rev. At this point u can apply a 10% discount rate to get a cumulative Pre-Tax Future Net Rev.
- Apply 34% country tax. And then Discount that figure to get a Cumulative Post Tax Future Net Revenue for 11 year fieldlife.

If u get lost after reading the above, then simply visit PetroRio website, read their latest certified report by DeGolyer & apply those to estimate Bauna's NPV.

Hope this helps.