Providence Resources - Godot Future Value - Godot, you're looking at assigning...

Godot, you're looking at assigning a long term production value to the share. My sights are set more on short term. In any case your figures are too conservative. Total production in your scenario is only 146m barrels. The NSAI estimate including gas was 346m. Also €5 per barrel is too low. If we take average price of oil over life of field at €80 per barrel and lifting cost at €15, then margin would be €65 per barrel. The total margin over life of field would be €19 billion. Take out development, maintenance and end of life cleanup of €1.75 billion leaves €17.25 billion to be shared amongst whoever the partners are. As I am totally unfamiliar with oil industry cost structure, please take the above with a pinch of salt. But given that Barryroe is expected to generate 4.5 billion for the Irish government, the above seems credible. That is why I say Barryroe is worth hundreds of millions now as there is risk in developing it, but potentially billions down the line. Would welcome any feedback on this.