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Gold/Mining/Energy : Petrokazakhstan Inc. -- Ignore unavailable to you. Want to Upgrade?

To: cooliemon who wrote (1714)	7/16/2001 10:51:22 AM
From: forecaster	Read Replies (1) \| Respond to of 2357

Coolie: Evaluation of HHLA Exploration Prospects. Amerada Hess is paying US$5.66 per barrel of Triton's combined proved+probable reserves. I read that in the Wall Street Journal. It is almost identical to what Conoco is paying for Gulf Resources. On May 22, Hurricane released our total proved and probable reserves at 523.7 million barrels gross (before royalties to others) and 485.3 million barrels net. At US$5.66 a barrel, HHLA's NET reserves would have a value of US$2.75 billion, or US$32.45 per fully diluted share. The latest reserve figures include neither the new EK-5 field discovery nor the promising exploration prospects. At this price (US$5.66 per barrel), the prospects would have these additional values: Kyzylkia Jurassic: 40 million barrels US$226.4 million US$2.67/FD share Aryskum Jurassic: 30 million barrels US$169.8 million US$2.01/FD share West Kumkol: 30 million barrels US$169.8 million US$2.01/FD share Karavanchy: 80 million barrels US$452.8 million US$5.34/FD share North Nuraly: 150 million barrels US$849.0 million US$10.02/FD share Dongelek: 100 million barrels US$566.0 million US$6.69/FD share East Karavanchy: 200 million barrels US$1,132.0 million US$13.38/FD share West Kumkol: 200 million barrels US$1,132.0 million US$13.38/FD share ------------------------------------------------------------------------------------------------- TOTAL: 830 million barrels US$4,697.8 million US$55.50/FD share Deeper Grabens would still be extra. Forecaster