06-04-2016, 04:58 AM
(This post was last modified: 06-04-2016, 05:00 AM by Libtardius Maximus.)
(06-04-2016, 04:24 AM)admin Wrote:
(06-04-2016, 03:43 AM)Spartina Wrote: Certification of OSH-IPI. Oilsearch HAS to be motivated to get the lowest possible certification numbers for their payment coming soon to IPI & Civelli. Has anybody done the calculations of what they would have to come up with if it's 8t's? 9t's? 10 t's? The question is who is doing their certification numbers, can we trust that firm, and is the firms' reputation for future certification numbers with other companies enough of a motivating factor to assure us of accurate results??
7.1Tcfe: $77.5M x 0.22835 = $17.7M
9.9Tcfe: 2.9T/1000 = 2.9Bcf x 0.775 x 0.22835 = $513M
11.8Tcfe: 4.8T/1000 x 0.775 x 0.22835 = $849M
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I don't think OilSearch is in trouble with this. Gaffney Cline and Netherland Sewell are doing their certification, unknown whether they will publicise.
I was told last fall by a certain VP in IR that OSH was going to have to come up with 500M. Thanks for this admin