TYK (VSE) Tanganyika Oil Message Board

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Gold/Mining/Energy : TYK (VSE) Tanganyika Oil

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To: TheRealJRL who wrote (472)	1/29/2005 7:25:39 PM
From: HotnSpicy	Read Replies (1) of 500

Thanks for the clarification. Thought the numbers looked too good... 30%-70% TYK-Syria production sharing with 12.5% royalty. Is this for all 3 Syrian fields or just Oudeh? If it is: If Tishrin production is increased 6000 bpd to 12000 bpd gross, isn't TYK just getting 30% of the 6000 increase? And then have a 12.5% royalty to boot? So, 6000 x .3 = 1800 x .875 = 1575 bpd net? And if 2750 bpd in Oudeh with 1063 base = 1687 x .3 x .875 = 443bpd net? Syria = 2018 bpd net. Egypt = 2080 bpd net + Fadl1 US$242MM Market Cap/4098 bpd=US$59,053 per flowing boe assuming that Tishrin production is increased 6000 gross this year.

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