Ann: Organisational Changes, page-169

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Roch2077

10,189 Posts.

1986

09/12/22

09:18

Post #: 65234024
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Originally posted by Flambeau: ↑

Unfortunately, I agree with the others, your "The third well and onwards will be 70 percent profit." is incorrect. But don't worry, you are certainly not the first to make this error, and no matter how much we try to calculate the net profit, we will never get the correct answer because the net entitlement from the production sharing contract (PSA) is confidential (we don't know).

As I tried to tell you before, we have already done our back of the napkin best estimates as seen below:

Figure 1: Adapted from VOGC, 08/05/22, 20:30, Post #:61276815this spread sheet screen shot displays an estimated "unrisked prospective resource" for the Amistad, Alameda, and Marti prospects attributed to Melbana (30%) as assessed by Independent expert McDaniel & Associates. (08/07/2022, ASX:MAY, Alameda-1: Independent Resources Assessment (Alameda Resevoir) and ASX:MAY [14/3/22 and 08/07/22]).Using the method of insitu value AUD$/bo for only the Alameda-1 prospects encountered, we come to~$0.69/share.

If you study this table and understand all the parameters and calculations, you should know what the profit sharing agreement is.

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Thanks Flambeau I’ll re watch the webinar and go through the presentation but certain if the structure stated.

Last edited by Roch2077: 09/12/22

MAY Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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Ann: Organisational Changes, page-169

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