sorry if i read it wrong20 Dec 2017 07:21
JOG Working
Interest Oil/Gas STOIP
Recoverable
Resources
Chance of
Success
Risked
Resources
Oil Price
Assumption $
NPV10
£m
Value/boe
£ £M
Per Share
(p/share)
Verbier Prospect 60% Oil 300 117.3 26% 30.5 50 435.0 14.3 78.3 933 ,,,,,,,,,,The Verbier and Cortina prospects are located between producing oil fields
Tweedsmuir and Buchan in a prolific hydrocarbon fairway
u Extensive 3D seismic interpretation undertaken by JOG has revealed
significant prospectivity
u Management’s valuation analysis on a P50 gross recoverable resource of
117MMbbls indicates a potential gross NPV10 value of £435m
u JOG’s management estimates a potential P50 net value of £78m or
£9/share if the next phase of exploration is successful,,,,,,,,,,, this is what was posted by jog