RE: $2.7 7billion is the calculation based on 6m payzone25 Mar 2025 09:18
$2.7 7billion is the calculation based on 6m payzone
Remember 4.5m payzone producing 2500 oil per day...... Let this sink in folks
6 meters mentioned is gross, assume 50% is net pay
Recovery factor 30%
oil in place calculation
β 132 million barrels of oil in place
Recoverable oil:
= 132,000,000 Γ 0.30
β 39.6 million barrels
Gross Value at $70/barrel
= 39.6 million Γ $70
β $2.77 billion