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This spreadsheet calculates simple profitability of a project using inputs you provide. There are many reasons to estimate the profitability of a prospect. To help in making drilling decisions, to attract private investors, and to secure management approval of a project are a few. Two of the questions asked most frequently are: “What is the difference between measured thickness and true vertical thickness?” and “How does the difference affect reservoir volume calculations?” The following presentation is an example of how not making a proper correction can affect volumetrics.

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