a) Using the graph above calculate the nominal and effective decline rates from Jan 1, 2025 to Jan 1, 2026. (2 Marks) b) Knowing this well has an exponential decline, what would the nominal and effective decline rates be in Jan 1, 2022? (2 Marks) 3) The well in question 1 and 2 has the following economic parameters: 0 Oil sold = oil produced 0 Gas sold = gas produced . CAPEX to drill = $1,000 M (Spent in 2021) - CAPEX for repairs = $50M in 2026, 2030, 2034 and 2038 I Monthly OPEX = $5,000/mo - Oil and gas royalties = 10% - Abandonment cost (ABEX) = 5100 M