11-15-2013, 08:49 PM
9.45 trillion cubic feet of wet gas
83.7 million barrels of Condensate net to IOC!!!
Worth ~$8 Billion at today's condensate price.
Since oil and condensate prices are expected to rise at the same rate or faster than inflation, the NPV of the Condensate is also $ 8 Billion give or take.
How is this being factored into the NAV by the likes of Pavel Molchanov et al?
It seems to me that this huge asset is being ignored when the sell down price is being bandied about.
83.7 million barrels of Condensate net to IOC!!!
Worth ~$8 Billion at today's condensate price.
Since oil and condensate prices are expected to rise at the same rate or faster than inflation, the NPV of the Condensate is also $ 8 Billion give or take.
How is this being factored into the NAV by the likes of Pavel Molchanov et al?
It seems to me that this huge asset is being ignored when the sell down price is being bandied about.
Drivel Maven with Personality