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Risk,Exploration and hydrocarbon property evaluation: comparison of alternative theories

机译:风险,探索和烃类物质评估:替代理论的比较

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A method is presented for fully risking projects such as exploration ventures or hte acquistion of undeveloed reserves,the expected value will in general overstate "value" because it does not reflect the uncertainty in the project,as measured by its vriance or standard deviation.if the expected value is calculable,then the risk adjusted value ("RAV") can also b ecalcuated.The RAV depends additionally upon the size of the exploration dbudget ocmpared with the project and also upon the "rpice of risk".That price is ncorpotaed from hte finance literature .The technique permits answering three related questions: 1) the risk-adjusted rate of return for a given project; 2) the risk-adjusted value of theat project; or 3) the risk premium apporpriate for a particular project given the size of the firfm's exploration budget.
机译:提出了一种方法,用于完全冒险的项目,如勘探企业或HTE的未储备,预期值一般夸大“价值”,因为它不反映项目中的不确定性,通过其vriance或标准偏差来衡量.IF 预期值是可计算的,那么风险调整值(“Rav”)也可以是B eCalcated。该RAV另外取决于探索达德纳特的大小,并在与项目中的探索达到的次数,并且还在“风险的rpIch”.That价格是Ncorpotaed 从HTE财经文献。技术允许回答三个相关问题:1)给定项目的风险调整率返回率; 2)Theat项目的风险调整值; 或3)特定项目的风险优惠为特定项目提供鉴定FIRFM勘探预算的规模。

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