Monday, June 13, 2022 11:44:55 AM
But, Zion will create excitement with the announcement, so I'm simply assuming the excitement (positive) offsets the lower class reserve (negative) in the pps.
The price of oil, PE ratio, ongoing capital, ability to find additional reserves, etc is all factored into the benchmark. The process is simple:
Divide the market value of the benchmark by its proven reserves to get $/barrel.
The key for all O&G exploration companies is the ability to find new discoveries at the rate at which they produce; otherwise they run out of resources and the value goes to zero. This is factored into the benchmarks.
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