re: cash flow from well 1 - paulhart Lets assume conservatively that the total taxes, royalties and production costs are 40% then that would leave a pre tax cash flow of AUD 5.1m per annum. Then we must take out tax at 30% which leaves AUD3.6m. If you multiply this by 3 wells that leaves a net result before taking into account accumulated tax losses of approx. AUD $10.8m per annum,
PE at 10 times = sp of 51.4 cents (fully diluted)
This does not take into account that flow rates may increase from those reported today.
My apologies for any confusion caused by the gross number provided earlier. I did not have time to do the detailed calculations at that stage.
Anyway the STX share price looks headed towards 50 cents imo.
DYOR before making any decisions based on the above.
cash flow from well 1, page-15
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