Samson Oil & Gas Limited (SSN)
SSN said that 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, SSN 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.
- Published: 12 May 2014
- Written by Martin Scareme