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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (4905)4/7/1998 8:32:00 PM
From: Syncrude  Read Replies (1) of 24921
 
Kerm, I have an interest in asset valuation for oil and gas companies. A little while back, I came across the following valuation parameters to evaluate company reserves and land;

Proven:
crude oil producing: $6.39/bbl
non-producing (75%): $4.79/bbl
natural gas: producing: $0.51/bcf
non-producing (75%): $0.38/bcf

Probable (50%):
crude oil: $3.20/bbl
natural gas: $0.25/bcf

Undeveloped acreage: Western Canada $60.00/acre

Can you or someone else reading this provide either an update on values used by financial analysts or additional valuation parameters.

Is the 10-1 gas-to-oil conversion factor still widely used?

I understand that the liability side of the balance sheet is also a key element to consider.

Thank you in advance.
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