When I looked at "Full Year Report 2017", page 5, for continuing operations sales revenue was 70.5 million and production cost & royalties was $38.5 million i.e. Field EBITDAX $31.9 million or 45%.
Amortisation will be a further cost so I rounded down to 40%.
If the EBITDAX is lower than 40% my estimate of current share price will be less than the $ 1.00 estimated above.
Would appreciate your view on EBITDAX. Rob.
AWE Price at posting:
52.0¢ Sentiment: Hold Disclosure: Held
