This is a pure valuation exercise which does not take into account the probability that the project keeps going, rather a the valuation of potential reserves value per share. And it is not a recommendation to buy, just information.
As last time, if you have any comment, please tell the board and I could update the valuatyion with your input.
Assumptions |
Reserves (million barrels) |
1,000 |
2,000 |
Recovery Rate (%) |
30% |
|
Oil Price ($) |
144.0 |
|
Profit per barrel (as % of oil price) |
28.8 |
20% |
Exchange Rate (CAD/$) |
1.01 |
|
Diluted NOSH (million) |
402.2 |
|
Ownership |
22.5% |
|