TransAtlantic Petroleum Corp

question 1

Short Answer

TransAtlantic Petroleum Corp. plans to seek two additional production licenses from the Romanian government. The company estimates the costs to drill, acquire the seismic data, and conduct technical studies for these new fields will be $14.2 billion, 7 years from now.
The company plans to establish a fund in a Romanian bank. The fund earns a rate of
return of 5% per year (a rate relative to the Romanian New Lei- RON). How much will the company have to set aside now in U.S. dollars if it is estimated that U.S. dollars will be devalued at an average of 2.25% per year and the present exchange rate is 2.57 RON per
U.S. dollar?

---

Definitions:

Social Mobility

The ability of individuals or groups to move within the social hierarchy, which can be upward to a higher economic or social class, or downward.

Visible-Minority Immigrants

Immigrants who are identified as being from racial or ethnic groups that are non-majority in the context of a specific country.

Immigration System

encompasses the legal and regulatory framework governing the entry, stay, and status of people in a country other than their own.

Lower-Paying Jobs

Employment positions that offer less financial compensation compared to median or high-paying jobs, often requiring less skill or education.