re: Ann: Exoma Confirms Shale Oil and Gas Pot... Gammat, you...

re: Ann: Exoma Confirms Shale Oil and Gas Pot... Gammat, you asked about putting a value on the shale oil and shale gas.
Below are some calcs posted on hotcopper 23 January on my post 7658182

Shale Oil from Bessies Results
Estimated 2.2 million barrels Oil in Place per square kilometre.
Thus 20,000 sqkm X 2.2 m barrels = 44 billion barrels
Assume recovery of just 3% = 1,320 million barrels.
If present value of in ground oil is discounted to US$20 per barrel, then value of in ground oil is
1,320 mb X US$20 = US$26.4 billion.
Exoma 50% share = US$13.2 billion = A$13.2 billion
Estimated present value per share of shale oil is $23.10.

Part c: Shale Gas from Bessies Results
Estimated 20,000 square kilometres @ 4 billion cubic feet per square kilometre = 80 trillion cubic feet (TCF) of Gas In Place (GIP).
Assume recovery of 5% of gas = 4TCF.
At $450 million per TCF as per recent sales of 3P, then 4TCF= $1.8 billion.
Exoma 50% share = $0.9 billion
Estimated present value of shale gas is about $1.70 per share.