APPLICATION OF FORWARD RIGHT PRICE THEORY IN ASSESSMENT OF VALUE OF PETROLEUM-NATURAL GAS RESERVE

Based on discussion of methods to assess value of mineral reserve used at home and abroad and on poiting out the imperfections of traditional net present value(NPV) method,the conception of foward right price is introduced into NPV method.The NPV method after improvement by means of foward right price theory can indicate to a certain extent the unfixed value of mineral reserve,thus the indication is more close to the truth.