18.5m put through, page-17

re: 18.5m put through - gryphon1 Gryphon1 - thanks for the update and the effort put in by you over there.

As for the share price if 13,000 bopd to Nido and a pe of 10 - I will have a crack at a few numbers - just to stir up a few - lol! These numbers are just what if's - not an opinion on likelihood of them occuring!! ...

Lets take the estimates on page 29 of the Nido September presentation (here - http://www.nido.com.au/files/presentations/Company%20Presentation_0.pdf) ...

The numbers on page 29 are based on approx 4,000 bopd to Nido - so lets times these by 3.25 for the 13,000 bopd figure as Gryphon1 mentioned.

There are 3 oil prices - US$40, US$50 and US$60 and I will make the assumption just for simplicity that the conversion of US$ to $A negates roughly the company tax rate - this is close and all we need to then is understand that the US$ numbers become A$ exactly as per that page 28 and then extrapolate and get an eps and the pe - here goes...

Number of shares used = 853,147,274 fully diluted

Oil Price US$40 a barrel
----------------------

after tax $ --> A$43.9 million * 3.25 = $A142.67 million

e.p.s = 16.7 cps
on a p.e. of 10 the share price = $1.67


Oil Price US$50 a barrel
----------------------

after tax $ --> A$57.1 million * 3.25 = $A185.57 million

e.p.s = 21.7 cps
on a p.e. of 10 the share price = $2.17

Oil Price US$60 a barrel
----------------------

after tax $ --> A$70.4 million * 3.25 = $A228.8 million

e.p.s = 26.8 cps
on a p.e. of 10 the share price = $2.68


If anyone just wants to do a rough calc of just Galoc as per the September presentation and a p.e. of 10 then just divide each share price above by 3.25