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30/01/14
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2014 all figures in US$.
Jan-June 2014 production 8000 boepd Revenue = $144 million.
July- Dec 2014 production 12000 boepd Revenue = $216 million.
Total Revenue 2014 $360 million. Cash Flow $150 million.
Market Cap 4x Revenue(as per Devon Energy transaction)
=$1.44 billion.
Share price $1.44billion divided by 650 million(no of shares issued) =US$2-18 converted to $A =A$2-50.
2015 all figures US$
Assuming cash at dec 2014 $100 million plus cash flow 2015
$200 million plus bank credit $100 million =$ 400 million to spend in 2015.
Jan-June 2015 production 15000 boepd Revenue = $270 million
July- Dec 2015 production 20000 boepd Revenue =$360 million
Total Revenue $630 million cash flow $250 million[dec 2015}
These figures are based on their reports however these could
alter significantly depending on their lease purchases
which they have costed at $40 million and their new
production and obviously the price of oil and gas.
DYOR.
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