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Post# of 4978388
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explorer186

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explorer186

Re: Downunder post# 421821

Saturday, 10/08/2005 2:25:56 PM

Saturday, October 08, 2005 2:25:56 PM

Post# of 4978388
From the last PR. Do the math man:

175M barrels of oil * $60 per barrel = $10.5B
63,576,000 MCF of gas * $14 per MCF = $0.89B

Total field value = $11.39B

$11.39B * 20% interest = $2.278B

Okay so I was a little off in my calcs; I was treating every cubic meter as an MCF. Thanks for the question, now I can accurately spread the news.
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