Sentia, royalties for oil and gas are levied differently from accounting taxes. This below may help your calcs.
NZOG's share of the devpt costs is US$34M. Add to this perhaps some drilling costs for Hector etc, so perhaps US$37-8M. These are 100% deductible at the beginning of the project.
Therefore for the first US$37-8M of revenue from the project, just assume a NIL royalty rate, then go at 20% after that, with an ongoing deduction of US$10 a barrel for your operating costs.
Profit versus cashflow for NZOG will look very different at the beginning. There will be a lot of deductions for company tax that may not have a cash effect (as the cash was spent long ago). I would focus more on the cashflow that will sit on their balance sheet as that is where the real value is.
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Last
35.0¢ |
Change
-0.010(2.78%) |
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Open | High | Low | Value | Volume |
36.5¢ | 37.5¢ | 35.0¢ | $38.88K | 107.9K |
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No. | Vol. | Price($) |
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4 | 20393 | 35.0¢ |
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Price($) | Vol. | No. |
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37.5¢ | 4136 | 1 |
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No. | Vol. | Price($) |
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4 | 20393 | 0.350 |
3 | 18357 | 0.340 |
2 | 5717 | 0.330 |
4 | 67335 | 0.320 |
1 | 2704 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 4136 | 1 |
0.380 | 13513 | 1 |
0.385 | 8000 | 1 |
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0.415 | 2054 | 1 |
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