ATI Petroleum, the petroleum exploration management and operations company, has released UBS’s Indicative Valuation report of ATI Petroleum’s (“ATIP”) 10% interest in oil and gas Blocks 102 and 106, located in offshore Vietnam.
UBS values these assets at $309 million assuming a 12% capital expenditure discount rate. These blocks are at present non-producing assets.
It also expects ATIP’s production will soar up to 217 million barrels of oil and 1.6 trillion cubic feet of natural gas in 2013.
ATI Petroleum is an exploration management and operations company engaged in negotiating and managing production sharing contracts for petroleum and other natural resources.