can hardly detect a pulse..., page-16

To answer Razorone5's question this morning i have been doing some number crunching etc and here's where i'm at !

From ann dated May 10 2011(March Quarterly)
Told us what we are going for (P50) 10.3 MMBBL and 302 BCF with a POTENTIAL reserve of 40 MMBBL and 1.1 TCF gas... That's cool i totally get it ...its BIG....

Today's ann on June 21 tells me the extraction rates or the analogue production rates and they are estimated at "30 + mmcf/d" and "1,400 bc/d"
Prices given in the quarterly were as per below
Energy Prices
WTI $113.93 (BBL)
Henry Hub $4.50 (MMBTU)
Well obviously that has changed no and the current prices are WTI $95.26(Source http://www.oilnergy.com/1opost.htm) and Henry hub $4.679 (Source http://www.oilnergy.com/1gnymex.htm)

Now most of you would agree that "30+ MMcf/d" is a bit vague hence i've taken 31MMcf/d for the sake of this exercise.
===
GAS
===
31MMcf/d = 31000 MMBTU/d
And with the rates above we have
31000.00 * $4.679 = 145,049.00 per day
Our share (4.75%) of that is $6,889.82 per day
OR $209,565.00 per month for zee GAS.

===
OIL
===
Now for oil we have 1400 BC/d
Now is bc/d is barrel of condensate per day ?
If so then lite crude oil is expensive but i'm taking the oil price in this exercise.
So if we are getting 1400 bc/d, that gives us
1400* $95.26=$13,364.00 per day or $4,056,488.00 per month. Our share will be @ 4.75% hence we get $192,683.00

======
TOTAL
======
So total income from LP is(GAS+Condensate)
$402,248.00 per month or $4,826,976.00 per year.
Now number of shares on issue are

15.58 M (yesterday's market cap) @ 0.005= 3,116,000,000
(Quaterly says we have 2,667,437,225 shares ??)

3,116,000,000 Shares get an earning of 4,826,976.00 per year(not to mention decline rates, admin cost salaries, further exploration,future income). Mind you this does not include existing earnings from DL#3 and prospective earnings from Abita in 6 months time.
So an easy 1c increase IMO.Current price is $0.004
You do the math, if i haven't already done it for you.

Regards
Gaurav