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BignoteFigures I used are gas $1/1000 in ground (premium price...

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    Bignote
    Figures I used are gas $1/1000 in ground (premium price area)
    Condensate $10 barrel in ground.

    Lambouka 309 bcf Field value 309 mill risk disount 80 or one in five of total success.Gives =61 mill field value .
    Deduct 20 mill for well and 20 mill infrastructure gives field value of 21 mill*30%=6.3 mill

    Dougga 50mm oil =$500mm 234 gas =234mill total 734 mill
    Risk factor 90% =Value of 73 mill.

    Drilling 45 mill.Establishment pigback sLambouka or vice versa so net value is 28 mill and we have 60% for 16.8 mill

    Romania we sold 50% of 1 block ( out of 9)for 4.5 mill.
    Our 50% therefore also 4.5
    Remaining 8 blocks Parta and remaining Chlorbane I gave zero value.This is very coservative and you could add up another 4.5 here for the other 8 blocks.

    Riedel MC =8.9 mill our share 37% =3mill

    Total value is 30.6 mill or 6.5 c share.

    Between Riedel and Parta which are figures established by the market the value is 7.5 mill or 1.7 c share and that is valuing only one of the 9 Parta blocks.

    Would be interesting to know how much the work done by Shell in Dougga and Lambouka would cost today



 
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