Andora share of Sawn Lake has Net present Value of $7.1 billion in high case and $5.2 billion in best case. Because of current oil price scenario, they are not assuming full commercial production (389 well pairs, estimated cost $2,2 billion) until 2019, Details on Pan Orient website, valuation is their statutory-required reserves report by an independent third party, Sproule. http://www.panorient.ca/index.php?option=com_wrapper&view=wrapper&Itemid=116
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.