Ann: Investor presentation and Webinar, page-94

Crazynwild
your numbers don’t make sense.
the problem with this little dribblers is the cost to produce is very high. The MD himself disclosed lifting costs ( before transportation costs ) are 39 per barrel in trey field . So Onne assumes total costs of 45. Then of one takes the NRI of 80 of the sales price at 60 they make about 3-4 cash dollars per Barrel
on 300 barrels per day ( not there yet but I am being generous ) that is 1200 per day or around 100k per quarter . Not enough to even pay some of the salaries
now let’s take your upside scenario - 64 dollars per barrel simply double the profit to 2400 per day or 200k per quarter odd . Still cash flow negative . You can see your assumption that a 4 dollar increase in oil price justifies a 30m increase in market cap when all is achieved is another 800k odd a year is ridiculous and very poor analysis


note the NRI in the MHP fields is only 73%. So they incur 100% of costs to receive 73% of the cash flow