Tehran
By CHARLES LEVINSON And GUY CHAZAN
TEL AVIV—Two years ago, Ratio Oil Exploration LP, an energy firm here, employed five people and was worth about half a million dollars.
Operations in Noble Energy's Leviathan gas field, the world's biggest deepwater gas find in a decade.
Today it sits at the center of a gas bonanza that has investors, international oil companies, Israeli politicians and even Hezbollah, Israel's sworn enemy, clamoring for a piece of the action.
Mr Ahmadinejad's victory over Mir Hossein Mousavi, a moderate former prime minister, upset widespread expectations that the race would at least go to a second round. Interior Minister Sadeq Mahsouli said Mr Ahmadinejad won 62.6 per cent of the vote and Mr Mousavi 33.75 per cent. Turnout was a record 85 per cent.Mahmoud Ahmadinejad's main rival vowed yesterday he would not surrender to "this dangerous charade" after the hardline Iranian president was re-elected by a huge margin.
What did I say then?
Calculation of Forward Volatility under Deterministic Volatility (5 years 29 weeks ago): Forward Vol = sqrt[{ Vol_b ^ 2 * b - Vol_a ^ 2 * a } /(b - a)]
Where time a and time b are dates in the future and a < b. Vol_b is the implied or actual volatility at time b and Vol_a is the implied or actual volatility at time a.
