Kuwait Energy
EL-12-211107
13
TABLE 0.7
SUMMARY OF POST-TAX NPV (US$ MM) AT 10% DISCOUNT RATE OF
FUTURE REVENUE FROM RESERVES, NET TO KE, AS AT 31
st
MAY, 2014
Field
Proved
Proved +
Probable
Proved +
Probable +
Possible
Block 5
82.6
104.1
123.6
Nabrajah
1.0
1.3
1.8
Burg El Arab
25.5
87.2
128.3
Abu Sennan
3.3
40.8
108.7
East Ras Qattara
126.8
188.7
277.7
Area A
45.1
107.0
220.4
Siba
74.2
115.1
127.2
Mansuriya
16.2
54.1
62.6
Total
374.7
698.4
1,050.3
Notes:
1.
The NPVs are calculated from discounted cash flows incorporating the fiscal terms governing the
assets.
2.
All cash flows are discounted on a mid-year basis to 31
st
May, 2014.
3.
The NPVs shown here are for the Developed plus Undeveloped Reserves.
4.
The reference NPVs reported here do not represent an opinion as to the market value of a property
nor any interest therein.
TABLE 0.8
SUMMARY OF POST-TAX NPV (US$ MM) AT 10% DISCOUNT RATE OF
FUTURE REVENUE, NET TO KE, AS AT 31
st
MAY, 2014
Field
Low Case
Best Case
High Case
Karim Small Fields
3.9
4.3
4.6
Notes:
1.
The NPVs are calculated from discounted cash flows incorporating the fiscal terms governing the
assets.
2.
All cash flows are discounted on a mid-year basis to 31
st
May, 2014.
3.
The NPVs shown here are for the Developed plus Undeveloped cases.
4.
KSF is shown separately from KE’s other assets since, under the terms of the Service Agreement for
KSF, no Reserves are attributable to Medco LLC in KSF, and thus none are attributable to KE.
5.
The reference NPVs reported here do not represent an opinion as to the market value of a property
or any interest in it.
