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Ann: Investor presentation and Webinar, page-97

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13/04/21

17:18

Post #: 52437595
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Originally posted by Autosime: ↑

Crazynwild
your numbers don’t make sense.
the problem with this little dribblers is the cost to produce is very high. The MD himself disclosed lifting costs ( before transportation costs ) are 39 per barrel in trey field . So Onne assumes total costs of 45. Then of one takes the NRI of 80 of the sales price at 60 they make about 3-4 cash dollars per Barrel
on 300 barrels per day ( not there yet but I am being generous ) that is 1200 per day or around 100k per quarter . Not enough to even pay some of the salaries
now let’s take your upside scenario - 64 dollars per barrel simply double the profit to 2400 per day or 200k per quarter odd . Still cash flow negative . You can see your assumption that a 4 dollar increase in oil price justifies a 30m increase in market cap when all is achieved is another 800k odd a year is ridiculous and very poor analysis

note the NRI in the MHP fields is only 73%. So they incur 100% of costs to receive 73% of the cash flow

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why do the clowns here keep going on about POO, when its 80% ++ gas, and less than 10% oil.

gas is $2.50 and heading down again after winter highs.

FPL Price at posting: 0.5¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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