• Corpus ID: 439213

Evaluating Financial Model Performance: An Empirical Analysis of Some North Sea Investments

@article{Croll2010EvaluatingFM,
  title={Evaluating Financial Model Performance: An Empirical Analysis of Some North Sea Investments},
  author={G. J. Croll and D Baker and Ola Lawal},
  journal={ArXiv},
  year={2010},
  volume={abs/1008.3725}
}
Fifty North Sea oil & gas investment transactions were analysed using traditional spreadsheet based financial modelling methods. The purpose of the analysis was to determine if there was a statistically significant relationship between the price paid for an oil & gas asset and the actual or expected financial return over the asset's economically useful life. Several interesting and statistically significant relationships were found which reveal useful information about financial modelling… 
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