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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF) -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (7564)	1/4/1998 4:58:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 9164

Kenny: I've seen numbers used from $3-$6/bbl all around the world, depending on development costs, lifting costs, and fiscal terms. The number will be different for each specific development, but you can use the above range for a good conservative-to-liberal valuation spread. I'm not as sure about natural gas valuations, but if you convert the above figures to $/mscf at 6:1, you get $0.50-$1.00/mscf. Try that and see if it get you in the ballpark. Razor