Time(Yrs)

0

1

2

3

4

5

6

7

8

9

10

NPV

Gp(BSCF)

0

14.4

28.8

43.2

57.6

72

86.4

100.8

115.2

129.6

142.1

Np(MMSTB)

0

0.253

0.49

0.684

0.834

0.941

1.01

1.047

1.056

1.056

1.056

CAPEX($MM)

−38.9

0

0

0

0

0

0

0

0

0

OPEX($MM)

0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

Gross Rev ($MM)

0

36.4

72.3

106.9

140.2

172.2

203.1

233

262.1

290.9

315.9

NCR($MM) b/4 Royalty and Tax

−38.9

33.4

69.3

103.9

137.2

169.2

200.1

230

259.1

287.9

312.9

Royalty + Tax ($MM) 48.5% of NCR

0

16.2

34

50.4

66.5

82.1

97.0

111.6

125.7

139.6

151.8

NCR ($MM) after Royalty and Tax

0

17.2

35.7

53.5

70.7

87.1

103.1

118.5

133.4

148.3

161.1

CUM. NCR ($MM)

−38.9

−21.7

14

67.5

138.2

225.3

328.4

446.9

580.3

728.6

889.7

PV @10%

−38.9

15.6

29.5

40.2

48.3

54.1

58.2

60.8

62.2

62.9

62.1

455

PV @ 30%

−38.9

13.2

21.1

24.4

24.7

23.5

21.4

18.9

16.4

14

11.7

150.3

PV @ 50%

−38.9

11.5

15.9

15.9

14

11.5

9.05

6.9

5.2

3.9

2.8

57.6

PV @ 80%

−38.9

9.6

11

9.2

6.7

4.6

3

1.9

0.9

0.7

0.5

9.3

PV @ 100%

−38.9

8.6

8.9

6.7

4.4

2.7

1.61

0.92

0.5

0.3

0.2

−4.04

PV @ 150%

−38.9

6.9

5.7

3.4

1.8

0.9

0.4

0.2

0.09

0.04

0.02

−19.4