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Real Madrid

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Real Madrid

Re: wshaw14 post# 1526

Tuesday, 06/17/2014 5:28:19 PM

Tuesday, June 17, 2014 5:28:19 PM

Post# of 2595
many thanks ...very interesting...

They talk about:

19.6 million Bbls of Probable and Possible Reserves, estimated
future net revenue before tax (undiscounted) of $360 million (or $79
million using a 10% discount factor)

• 180.2 million barrels of 2C Contingent Resources, estimated future
net revenue before tax (undiscounted) of $5.0 billion (or $240 million using a 10% discount factor)

Using bank debt they will really increase shareholder value but is there more upside that the one mentioened regarding resources?

lets see how they progress...
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