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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (116477)	1/11/2009 9:18:08 PM
From: Amark$p	Read Replies (1) \| Respond to of 206191

Thanks for your comments Ed. Yes, I have saved the spreadsheet on my computer and updated the price to $7 under WTI on my model. But I am unsure as to whether this is accurate or not... As you know BPZ has not had full quarter of reported sales yet, so no history to base BPZ price discount from spot. Could you give me a hint as to what price discount to WTI spot you are using currently.... Thanks. (Or could you please provide a range or otherwise advise whether you think the BPZ price discount will now be less than the $10 you previously estimated...)

To: Ed Ajootian who wrote (116477)	1/11/2009 11:29:57 PM
From: Amark$p	Respond to of 206191

hmmm. just re-read your prior post. my mistake in not fully reading your comments. "The royalty starts at 5% on the first 5,000 bbls. per day then gradually works its way up to something like 20% for production in excess of something like 20,000 bopd." looks like we need to add a graduated royalty line item into this model using a nested @ if statement. in your next model update, could you please indicate the graduated royalty barrels and related percentages... I can then add this calc into the model if you do not...