SI
SI
discoversearch

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 : Teton Petroleum (TTPT) -- Russian Oil
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ed Ajootian who wrote (88)5/8/2003 1:45:59 AM
From: baystock  Read Replies (1) of 115
 
<Marathon Oil just offered $275 M to buy a privately held US-based Russian oil company called RMOC, and they produce about 15,000 bopd.>

I don't know what the going rate for Russian oil reserves currently is, but assuming it is around $2 a barrel for oil with access to export pipelines, RMOC would have had to have 100 million+ barrels of oil reserves. Teton I think has only around one third of these reserves, so they will need to triple their reserves in order to achieve a comparable valuation to that of RMOC.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News