expl plays best viewed by using EMV .......
http://www.ccop.or.th/ppm/document/CHWS2/CHWS2DOC13_henriksen.pdf
how "much" the market is willing to "pay" for a prospect very much depends upon the state of said mk ........
normally (historically) you would see 10-20% of EMV "factored into" a share price in the run-up to drilling a hole .......expectations of cap rasies etc etc not withstanding .....
very roughly:
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 Column 11 Column 12 Column 13 Column 14 Column 15 Column 16 Column 17 Column 18 0 well cost EMV 1 MAY Operator Net Interest Gas/Oil % Interest Drill Mean Mean Mean Mean Permit Permit Risk Comments 2 Within Ready Gross Rec Gross Rec Net Rec Net Rec Value by Value by Assessment 3 Permit defined by Reserves Reserves Reserves Reserves Reserve Potential 4 Prospect or Lead 3D MMbbls Bcf MMbbls Bcf A$M A$M POS 5 EP488 6 Beehive 16% oil 100% n 588 94 0.0 0.16 25 71.9
I would suggest this is (more likely) to be a gas prospect thatn an oil prospect ......
anyways - plse scuse the error in the above ......just an example !
rgds
V_H
Ann: MAY: Beehive (WA-488-P) Agreement with Total and Santos, page-9
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