c5c3317e____Oil___Gas_Financial_Journal_S_versus_international_markets__OECD_market__North_Sea_model_
Borrowing base only, no development finance Cover ratios typically intermediate between 1.65x for BB or 1.75x for DF
Post-tax cash flow
Reserve-based lending markets: from projects to borrowing bases - Oil & Gas Financial Journal
International OECD market (North Sea model)