A hands-on introduction to doing quality assured and consistent evaluation of full cycle value assessment of exploration ventures using the GeoX. The course combines a review of the basics of full cycle project economics with effective use of GeoX. It covers both rapid initial single case analysis with more detailed evaluation of probabilistic full cycle economics. It covers tranched, non-linear models of exploration, development and production activities and costs as a means to capture how activities and costs vary with uncertain recoverable resources. The course will also review use of multiple scenarios to model full cycle value for exploration ventures that involve multiple zone prospects, multiple prospect concessions and prospect clusters.
Duration: 1 Day
Prerequisites: Knowledge of full cycle exploration project definition and estimation of prospect economics using metrics such as NPV and EMV is required. Introductory knowledge of the mechanics of using GeoX is useful. It is also useful to have some background in probabilistic analysis.
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