KOB.TO - East Lost Hills & GSJB joint venture Message Board

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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: Check who wrote (514)	12/7/1998 12:47:00 AM
From: JL	Read Replies (2) of 15703

Be conservative, Check. Using Kerm's spot pricing and assuming $1.60 for 1 Mcf then 1MMcf would be $1,600. At that price then 3 Tcf would equal that $1,600 with six more zeros (to get into the trillions) and multiplied by 3. That comes to (abacus sounds) $4.8 Billion. That's a fair chunk of change but is subject to fluctuations because of the unseasonably warm winter right now. In colder times it could be as high as $6.4 Billion. Use that in your formulas. Besides... Forget about BOE and all that. Spot pricing of the 1Mcf is all that matters when your dealing with gas. BOE comes into play when it's a mixed bag of assets. This appears to be mostly all gas. JL

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