Ann: Presentation - RIU Good Oil Conference 2012 , page-98

re: Ann: Presentation - RIU Good Oil Conferen...
Great posts gents,

It's good to know what we could be earning in a few years if we don't get gobbled up.

I wonder what we need to spend to get to 30 tj/d?

I know they need some extra compressors to get the field up to 65tj/d capacity so assume that is $15 million b/w WCL and Mitsui.

I'm, assumng with the new wells we have coming on stream, we are making 8tj/d at this point (being 51%) so to get to 30 tj/d we'd need a further 27 dual laterals at an average production rates of 800 mmscf/d.
What would it cost us to drill that many with our own rig doing most of it? $50 million?
So we probably need in the vicinity of $60 million in capex over the next few years and we have $30 mio in cash now.
Not a lot of dilution to get to a sitation where we are making revenues of $65 to $80 million and I would imagine about 50% of that would be profit if all we are doing is maintaining the field..At a P.E of 12 that is low end $390 million and high end of $480 million. Allowing for a little more dilution you still get to a forward estimate of $1 p.s

I had a late night last night so all these figures could be wrong.