Hurricane 2000 Annual Report - Reserve Evaluation!
Escalating Price Assumptions: January 1, 2001
US$ at 10% Discount:
Proved: 1,524,107,000
Probable: 933,004,000
---------------------------------
Proved+Probable: 2,457,112,000
This evaluation does not include the newly discovered field. I converted the above to get figures per fully diluted share by dividing by 84,656,439 as stated in the Q1 2001 short report:
Proved: US$18.00
Probable: US$11.02
--------------------------------
Proved+Probable:US$29.02
These are just reserves, add refinery and other assets. I think my valuation of US$18 earlier today (Before I saw the Annual Report) was far too low.
Forecaster |
