RE: Guidance please5 Apr 2022 13:59
This was posted by livelongandprosper last night.
Annual Information Form (page 69) ...
"5. The following table shows the net present value of future net revenue (before deduction of income taxes) attributed to proven plus probable reserves, estimated using forecast prices and costs and calculated using a discount rate of 10 percent, included in the reserves data of the Company evaluated for the year ended December 31, 2021, and identifies the respective portions thereof that we have evaluated and reported on to the Company's management:"
Then we have an 'evaluated' number of (NPV10) $257,560 (USD M$) in the USA.
Yep, $257bn!
Has been very little comment on this, but if really based on 'Proven' (1P=90%) plus 'Probable' (2P=50%) reserves (yes, it does say reserves), then this suggests a CPR has been done?