Petrolia Real-Options Portfolio — FY2027 Frontier Slate

Allocate the FY2027 frontier capex envelope (USD 320M) across four E&P prospects using real-options valuation. Defend the portfolio against option-pricing scrutiny (volatility, MAD assumption) and risk-committee scrutiny (correlation, drawdown, risk appetite). Sister simulation to the Bayesian Wildcat (1463); built on Dixit-Pindyck, Trigeorgis, Copeland-Antikarov, Smith-McCardle and Damodaran.