NZO's announcement "NZOG’S TUI OIL SET TO DELIVER" on today :
"...When fully commissioned, production peaking at 50,000 barrels of oil per day is anticipated. NZOG’s share of this production, based on the approved work programme and budget, an oil price of US$45 per barrel and a NZD:USD exchange rate of 0.65, gives a projected EBITDA* for the company in the first production year of approximately NZ$60 million...."
While NZO's share is 12.5%, PPP has 10%.
If NZO expects its first year EBITDA about NZ$60million,
then roughly PPP's EBITDA is about NZ$48 millions or A$ 42million in the first year
Anyone know how much oil PPP's hedge at what price ?
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- tui ebitda 42 million in the first year
tui ebitda 42 million in the first year
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