Canadian Oil & Gas Companies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TheMajor who wrote (6976)	11/21/1999 11:32:00 PM
From: Richard Saunders	Read Replies (1) of 24910

apple-n-oranges again..... just retreiving some data for number crunching purposes and notice that some situations (i.e. Rio Alta Energy, Alberta Energy) are now just converting gas to one barrel of oil equivalent on a 6 mcf = 1 Barrel of Oil Equivalent basis. Other situations are showing both 6:1 and the more conventional 10:1 conversions. In the case of Encal (ENL-tse) both the 6:1 and 10:1 production numbers are shown. Using a 6:1 gas to equivalent barrel of oil will make over a 35% difference in production assumptions.......... the more gas weighted a situation is the more the production will be skewed upwards if 6:1 is used. It's been mentioned previously before on the thread however definitely something to be watching for if different producers are being compared.........

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next