NPV10 definition
Examples of NPV10 in a sentence
In the event that Company and Administrative Agent disagree over whether or not any workovers or other remedial capital expenditures should be included in an Engineering Report for the purposes of calculating NPV10, the engineers preparing the report shall resolve such disagreement by determining whether such expenditures are likely to be required in accordance with prudent industry practice and shall include or exclude such expenditures based upon such determination.
If any Coverage Deficiency exists, Company shall as soon as practicable after obtaining knowledge thereof give notice thereof to Administrative Agent and shall within thirty (30) days after obtaining knowledge thereof cure such Coverage Deficiency, either by furnishing and mortgaging additional engineered producing oil and gas w▇▇▇▇ satisfactory to Required Holders in order to increase Modified NPV10 or by making payments in order to reduce its Indebtedness.
Such interim engineering reports shall include, but not be limited to, calculations of NPV10 on the Eligible Mortgaged Properties.
The Beharra project study delivered an ungeared NPV10 of A$231 million and a compelling ungeared IRR of 55%.
In the event that Issuer and Administrative Agent disagree over whether or not any workovers or other remedial Capital Expenditures should be included in an Engineering Report for the purposes of calculating NPV10, the engineers preparing the report shall resolve such disagreement by determining whether such expenditures are likely to be required in accordance with prudent industry practice and shall include or exclude such expenditures based upon such determination.
If any Coverage Default exists, Borrower and TOGA shall within thirty (30) days after obtaining knowledge thereof cure such Coverage Default, either by furnishing and mortgaging additional engineered producing oil and gas ▇▇▇▇▇ satisfactory to Lenders in order to increase Modified NPV10 or by making payments (or identifying and segregating cash in the TOGA Dollar Collateral Account) in order to reduce the Adjusted Investment.
This DFS was enhanced in July 2019, and demonstrates exceptional financial metrics including: • Low Capex: Lowest peak capital expenditure of US$116M for phase one*; • High Margin: AISC margin of 63.1%; • Low Technical Risk: Substantial pilot plant operations run of 110 tonnes; and • Superior Economics: IRR of 44.8% with NPV10 of US$1.16bn (A$1.65bn**).
In the event that Borrower or TOGA and Agent disagree over whether or not any work-overs or other remedial Capital Expenditures should be included in the LOE ▇▇ an Engineering Report for the purposes of calculating NPV10, the engineers preparing the report shall resolve such disagreement by determining whether such expenditures are likely to be required in accordance with prudent industry practice and shall include or exclude such expenditures based upon such determination.
If any Coverage Deficiency exists, Borrower and TOGA shall as soon as reasonably commercially practicable after obtaining knowledge thereof cure such Coverage Deficiency, either by furnishing and mortgaging additional engineered producing oil and gas ▇▇▇▇▇ satisfactory to Lenders in order to increase Modified NPV10 or by making payments (or identifying and segregating cash in the TOGA Dollar Collateral Account) in order to reduce the Adjusted Investment.