Question One a. Your company recently won a contract to build two economic models for NUN Ajuba Exploration and Production Company. NUN Ajuba Exploration and Production Company provided your company with all the data needed for the economic analysis. The economic models will be used to take investment decision on the two business alternatives. As a petroleum economist, you were given the task to build the models. What do you think will be the objectives of NUN E&P Company? i. ion one is compulsory II. This project have risk and uncertainty associated with it. Differentiate between the term uncertainty and risk in E&P projects. b. Why is Nigerian bonny light crude highly priced in the market? c. What is the difference between CAPEX and OPEX? Give two examples of each d. What are the factors that leads to the evolution of the oil and gas industry?