@Sharejon Doesn't about half of the AOK NPV come from the legacy...

@Sharejon

Doesn't about half of the AOK NPV come from the legacy assets that it still holds but isn't even making an effort to develop?

Announcement states this is for Snake River only.

Also compare with old reserves:
Dec 2011 - 1P = 2mm BOE *
Jun 2012 - 1P = 3.8mm BOE
Aug 2013 - 1P = 14mm BOE * (NPV = $257 Million)

* = Snake River only


Also Compare with RFE & SEA
RFE: June 2013 - 1P = 14mm BOE (NPV = $196 Million)
SEA: June 2013 - 1P = 14mm BOE (NPV = $238 Million)


Could be very embarassing for RFE if AOK get a bigger RBL facility. On the numbers it seems possible. Would that not be outrageous?