Raymond, I'll try and copy the relevant data from:
sec.yahoo.com
here:
Changes In Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves:
(UNAUDITED)
---------------------------------------
1995 1996 1997
--------- --------- ---------
(IN THOUSANDS)
Worldwide
Standardized measure -- beginning of year $ 11,712 $ 58,776 $ 142,243
Increase (decrease)
Sales, net of production costs (3,224) (7,577) (8,195)
Net change in prices, net of production costs 1,045 51,070 (67,852)
Development costs incurred 391 949 5,345
Change in future development costs 1,858 209 2,901
Change in future income taxes -- (5,465) (4,898)
Revisions of quantity estimates (3,420) (7,791) (3,931)
Accretion of discount 1,171 5,878 14,224
Changes in production rates, timing and other (1,361) 1,227 (14,051)
Extensions and discoveries, net of future costs 792 12,475 16,007
Purchases of reserves-in-place 49,812 32,492 8,787
--------- --------- ---------
Standardized measure -- end of year $ 58,776 $ 142,243 $ 90,580
========= ========= =========
As you can see the current value is about $90 MM. Mind you that is as of the end of March, since then crude has declined further.
Zeev |
