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Re: Denbury      3-Nov-09 04:36 pm    
I used the absolute amount of reserves in the computation. You are right, the absolute daily BOE production was misleading because of the low RLI of 7.3.

I computed the daily prodcution ratio but disgarded them as they would have inflated ENT's numbers significantly due to the low RLI.

Proved + prob reserves value implied by these acquisitions seemed the best data to be compared even if a mix of oil vs NG reserves would also distort the picture. This is also why I tried to discount ENT's NG reserves to come up with a more conservative number still way above the current ENT share price.

Proved + prob Reserves = RLI * daily production * 365


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allan74z

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  Subject Author Rating Time of Post (ET)  
 
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la8ter2003 Rate it 1-Nov-09 09:41 pm  
 
Yes here we go again, one more acquisition, Denbur...
allan74z (1 Rating) 2-Nov-09 12:03 am  
 
Allan- We are all in agreement that ENT is pr...
legalbark Rate it 2-Nov-09 12:31 pm  
 
If Don would commit to a small distribut...
cowley_ed Rate it 2-Nov-09 02:20 pm  
 
Allan, Do you factor Enterra's Reserve Lif...
softeng1000... Rate it 3-Nov-09 12:37 pm  
 
Re: Denbury
allan74z Not rated 3-Nov-09 04:36 pm  
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Enterra Energy Trust (ENT)

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On Nov 25: 1.4201 Up 0.0201 (1.44%)
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