79 upl nav model sample
Post on 10-Nov-2015
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Assumptions
Ultra Petroleum Corp. - Assumptions - NAV Model by Geography and
Reserve Type($ in Millions Except Per Share and Per Unit
Data)Model-Wide Toggles & Assumptions:Production and Well
Assumptions:Company Name:Ultra Petroleum Corp.Current Share
Price:$18.83Universal Assumptions:Bbl to Mcfe Conversion
Factor:6LOE per Mcfe:$0.37
Author: BIWS:Per pg. 21 of Q3 10-Q. Includes both normal LOE and
Lease Agreement Expense.Gas % Diff. vs. Price Deck:94.0%
Author: BIWS:Pg. 8 of 8-K - expected 5-7% difference in Q4, and it
was 7% for previous quarter.Units (for Conversions):1,000Production
Taxes per Mcfe:0.31
Author: BIWS:Per pg. 21 of Q3 10-Q. Yes, technically there are only
production taxes in WY and UT but just simplifying this.Oil % Diff.
vs. Price Deck:93.0%
Author: BIWS:$7.00 difference stated on pg. 8 of 8-K, so
approximating as 7% differential w/ ~$100 oil prices.
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