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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36.0¢ |
Change
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Mkt cap ! $80.62M |
Open | High | Low | Value | Volume |
35.0¢ | 36.0¢ | 35.0¢ | $3.234K | 9.24K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 18 | 36.0¢ |
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Price($) | Vol. | No. |
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37.0¢ | 14176 | 2 |
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No. | Vol. | Price($) |
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2 | 30591 | 0.350 |
3 | 18357 | 0.340 |
2 | 5717 | 0.330 |
4 | 67335 | 0.320 |
Price($) | Vol. | No. |
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0.370 | 14176 | 2 |
0.375 | 500 | 1 |
0.385 | 8000 | 1 |
0.390 | 5115 | 1 |
0.415 | 2054 | 1 |
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