Just for something different - and on the proviso that the production tests come back with low CO2, (expected) good ratio of gas to heavies (reasonably likely based on p2), and flow rates justifying production - what do you think the SP is worth? I've allocated $3 for South American assets and come up with the following values for KAR using a fairly standard 60c/GJ 2P gas.
5 tcf = $7.5 for Poseidon fiel plus $3 = $10.5
6 tcf = $9 + $3 = $12
7 tcf = $11 + $3= $14
8 tcf = $12.5 + $3= $15.5
9 tcf = $14 + $3= $17
Anyone think this is not the ballpark range where KAR should trade if they jump all the production test hurdles?
post production-test potential price
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$1.92 |
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| Open | High | Low | Value | Volume |
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