I finally got around to doing that NPV on the Grieve chemical...

I finally got around to doing that NPV on the Grieve chemical flood.

It's a pity about the Niobrara shale not having any oil. I was surprised how there was no oil shows at all. Is it possible they tested the wrong formation? Maybe it is the the Shannon!

Back to that NPV. I've used pretty much the same assumptions as before that came up with $120M for the full field except that I have changed the OP to $80 and the AUD/US rate at 0.93 and kept the total oil recovered to 13.7MBO. The NPV now comes to $331M for 100%.

I haven't done an NPV on Ash Creek because I don't have any idea of how much oil can be recovered.