Abstract:Many independent Nigerian oil & gas companies have emerged over the last decade out ofthe divestments of ageing petroleum assets by multinational oil companies. Thesetransactions are marked by pervasive cases of overvaluation and huge gap in offers that leadto unnecessarily high acquisition costs.
Petroleum analysts around the world adopt the Discounted Cashflow Analysis method forestimating present value of future oil production revenues. Unfortunately, project economicsusing conventional a… Show more
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