parsons 1198 bopd, page-9

Clearasmud

On the current production profile and cost per barrel a conservative view would be 50 net per barrel, therefore at a prod rate of 550K that would be 27.5 million net cash flow (excluding other activities. However an average oil price of 80 would mean oil would probably need to fall to about $65 US per barrel within the next three months and stay there.

Also the flow line is likely going to drop of production below $30 per barrel

My estimate is we can safely say $100 per barrel (which I think will prove conservative at 550K (which may also prove conservative 38.5 million net revenue or 15.3 cents per share

Anyway what I like best from this ann. is that on my interpretation Parsons 2 is likely to add to reserves above what has been expected. Even 100K net to cooper would take us to 55 cents CB reserves and cash even with the most conservative calculations