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smith199

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smith199

Re: smith199 post# 2457

Wednesday, 09/18/2019 12:36:16 PM

Wednesday, September 18, 2019 12:36:16 PM

Post# of 8013
In regards to Gulfslope’s September 2019 Johnson Rice Presentation. I believe only 2.6 MMBOE from the 8 MMBOE of the “Vermillion 375 Development” is “gross proven reserves”.
21 MMBOE is “possible reserves” off the “Vermillion 375 Exploitation”
The rest is “resource potential” until Drilled.

I believe also, 1P is Proven reserves, 2P is Proven and Possible, 3P is Proven, Possible and Probable.

NPV10 is one way to express net present value dollars to any referenced oil and gas MMBOE.

Smith
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