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Friday
Feb152013

Indeva delivers Nova Scotia Model

 Indeva announced today, that they have provided the Nova Scotia Department of Energy with an updated exploration model, this is available in support of the latest exploraiton round and has recently been enhanced for deepwater developments in up to 3000 metres water depths.  The model is a screening model for exploration and appraisal projects in the Nova Scotia Offshore.  It is a fully integrated model that estimates exploration, drilling and development costs and schedule, develops production profiles and assesses royalties and federal and provincial taxes.  The model detemines the risked economics and is able to determine thrshold reserves and prices for any prospect.

The model is available freely on the http://www.callforbids.ca/content/exploration-economic-model