Sentences with phrase «probable reserves»

As usual, I'll assign a 50 % haircut for probable reserves, and 75 % for measured & indicated resources — here's the latest reserve / resource statement.

Based on my observations, a 50 % haircut for probable reserves is about right / average as per the market, to reflect significantly increased geological & economic risk.

«Proven and probable reserves at PVG's Brucejack increased from 6.9 Moz in the June 2014 feasibility study to 8.1 Moz.»

On an entitlement basis, the company now has 114 mio boe of proved reserves (which I value at my usual $ 10 per boe) & 60 mio boe of probable reserves (valued at a 50 % discount to proved).

So much potential, yet he's never managed to confirm any proved, let alone probable reserves...

Anyway, you'll note PTR has very large possible reserves etc. — I don't put any value on these, whereas most brokers probably would, so that gives me plenty of flexibility on my proved & probable reserve valuation.»

That just leaves the US onshore assets, which fortunately boast 1.5 M & 4.9 M boe of proved & probable reserves respectively.

This would eliminate the need / potential for expensive exploration drilling, and allow PTR to focus on proved & probable reserve development & production.

Steve Waygood, head of Sustainability Research at Aviva Investors, a global asset management company, sums up the conundrum: «Valuations of the oil and gas sector still assume that they will be able to take all proven and probable reserves out of the ground and burn them.

Proven and Probable reserves at the end of 2011 were 76 million barrels of oil equivalent (boe).

I'll continue to apply my valuation rule of thumb of $ 40 per in - the - ground mtu, with a 50 % haircut for probable reserves.

Given that the block in question is estimated to hold as much as 9.23 billion barrels in probable reserves, investors face substantial losses from a backroom deal they knew nothing about.

And speaking of reserves, Ormonde previously reported 1.64 M mtus of proved tungsten reserves & 0.98 M mtus of probable reserves.

Its motherlode consists of extraordinarily high - grade uranium deposits in Saskatchewan: the McArthur River and Cigar Lake deposits account for roughly 80 % of its proven and probable reserves.

Incredibly Cheap Acquisition Boosts Production by 315 boe / day: In April 2018, Point Loma expects to complete the acquisition of 315 boe / d of net production, with 1.1 million boe of proven reserves and 2.9 million boe of proven plus probable reserves (2P) for a net adjusted cost of less than $ 1.0 million.

With 5.9 M ounces proven and probable reserves and an approved EIS, Mt Todd is a technically advanced world class gold project.

The PFS is expected to report the project's first proven and probable reserves.

This implies each boe's worth almost $ 17 (incorporating no discount for Probable Reserves or Contingent Resources).

of Proved & Probable Reserves and is obviously undervalued on this basis.

Petroneft's in an enviable situation compared to most other resource stocks, with plenty of proved and probable reserves.

Probable Reserves can be valued in the same way, but with a 50 % haircut, while Measured / Indicated Resources should only be included (with a 75 % haircut) occasionally in your valuation.

I also haircut Probable Reserves (vs. Proved Reserves), and only include some Resources on occasion.

The big problem with Richland is that they've no Proved / Probable Reserves..!

At this stage, I'll incorporate only 50 % of this valuation, reflecting the lack of any proved and probable reserves.

In most instances, we're talking about companies with no tangible assets, no earnings, no proved / probable reserves or resources, negative cash - flows and a brace of managers doing their best to piss your money away... Sell those mothers!

I've never owned the metal, but occasionally the safe and well capitalized producers have traded down to levels that were well below the proven and probable reserves they held in the ground.

Including the company's debt, someone buying shares today is paying just $ 3.62 per barrel of proved and probable reserves.

But recoverable resources are not proved / probable reserves...

[Oh Lord, that statement's surely gonna tempt the lunatics — please note, I'm most definitely not pointing you to companies / shares with zero production, zero proved & probable reserves, and no available CPR!]

If a company has Proved & Probable Reserves, I'll include them at $ 10 per boe for Proved Reserves, and $ 5 per boe for Probable Reserves.

I've used per tonne prices of $ 18 for ilmenite, $ 100 for rutile, $ 133 for zircon, a 50 % haircut for probable reserves, and 75 % for measured & indicated resources.

I've assigned my usual $ 10 per boe (in the ground) valuation, with a 50 % haircut for probable reserves, and a 75 % haircut for resources, less an estimated $ 1.0 bio of net debt.

I usually assign a standard in - the - ground $ 10 per boe valuation for proved reserves, and haircut by 50 % for probable reserves.

But with nine billion barrels of «probable reserves,» the block could increase Shell's global «proven oil reserves» — a key figure for shareholders - by a third.