Exploration & Production | Capital Markets | Private Equity Activity
Samson Doubles Reserves from Last Year
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Samson Oil and Gas Limited has advised that as of March 31st 2014, Ryder Scott Company (RSC) has estimated the company’s Proved reserves to be 1.805 MMBOE and valued at $47.7 million.
Probable reserves have been estimated by RSC to be 1.09 MMBOE and valued at $12.8 million.
Possible reserves have been estimated by RSC to be 0.80 MMBOE and valued at $7.1 million.
The valuations are based on a discount rate of 10% and utilize the SEC pricing model.
Based on this new estimate, Samson has doubled its Proved NPV10 in the 11 month period from a NPV10 of $23.612 million as at April 30th 2013, to $47.722 million after accounting for production during that 11 month period.
The details of this estimate are as follows:
The PDP and PDNP reserve estimates and forecasts of future production rates are…
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