Caspian field size ?28 May 2019 14:01
Let's say it's only 50km2 and at 37m high =1,850,000,000 m3 (X 6.2) = 11,470,000,000 bbls
Let's say it's only 20% recoverable
11,470,000,000 X 20%= 2,294,000,000 bbls
2,294,000,000 bbl X $40 bbl = $91,760,000,000
$91,760,000,000 / shares in issue
$91,760,000,000 / 2,000,000,000 (rounded up) = $45 / share or £35 / share.
Is this calculation correct ? I must have made a mistake ?