How about this for further "perspective" on value of Reserves.
Marco Polo only PDP well.
Assessed as 4,500 Bbls oil
Assessed at NPV0 (yes 0%) $95,620
The well has been drilled so no Capex to account. Imagine then you had a magic bucket and could scoop it up all at once and sell it you've netted $21.25 a Bbl roughly (and still say its before Corp costs).
BUT, lets say it was not. Too make math simple, call total Qtrly G&A + staff = $450k. Tha magic bucket says thats $100/Bbl.
Means they must sell oul at about $150/Bbl to get NPV0% at around $95K.
Does that compute?
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
