NDO 2.99% 86.0¢ nido education limited

sandy, page-3

  1. 1,138 Posts.
    Hi all,

    18mmbl OIP, recovery rate say 30% = 5.4mmbls

    Nido get 60% = 3.24mmbls

    Assume WTI US$115 bbl. What do they get for oil from this region? Guess .8 x WTI (as CVN in Thailand).

    What are their costs per barrell? Another guess US$50.

    Thus per barrell 0.8 x (115.00 - 50.00) = US$52bbl

    So 3.24mmbls x 52 = US$168,480,000 / 924mil shares

    = US$0.18 per share

    Using Aust / US 0.86 = Aust$0.21 cents per shares

    Any better guidance on costs per barrell? Royalty or tax?
 
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