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Depreciation of property plant equipment is a non-cash expense...

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papasmurf61

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20/03/24

10:08

Post #: 72972825
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Originally posted by J L: ↑

I would use 1.2m per quarter for Walyering operating cost and 20m in exploration quarter. My rough estimate would be that our cash position would be 24M higher than your model which i would sayis the worst case.

I would expect our Management would expect to do better so you might want to put a 10% strech target in.I see you're hung up on Operating Cost of $0.5 / GJ.

Making your operating costs of 27 TJ/D X 90 D X 1000 GJ/TJ X $0.5 / GJ = $1.2 million. OK?

On this basis Revenue would be = 27 TJ/D X 90 D X 1000 GJ/TJ X $7.6 / GJ = $18.5 million. OK?

Use below as a mode. Last half year

Now do a few comparisons. It's rough I know. Proportionality constant of 2.277

Production expenses - Proportional (1,230)
Royalties - Proportional (1,491)
Transportation and processing - Economy of scale. (1220)??
Depreciation of property, plant and equipment - Little change unless big purchases.. (700)
Amortization and depletion of oil and gas properties. - Little change. (1,200)

Rough estimate of Total expenses. $5.8 million. I think that this figure is a bit low but will use it anyway.

I am punting receipts from sales to be about $12.5 million. Item 1.1.

That would make Item 8.1 about $11.5 million.

If they spend more than $11.5 million, they are in cash burn.

Note
Total current borrowings of $11,984,000 to be paid down by end of year (probably part of Tranche D)
Total non-current borrowings of $12,260,000 to be paid down by mid 2025.
Might be paid down progressively. Adds to cashflow problems.

If you can follow my ramblings, good luck. All MO only.

Expand

Depreciation of property plant equipment is a non-cash expense and amortisation and depletion of oil and gas properties is also a non-cash expense.

So based on a proportional calculation puts it around $4m per quarter.

Last edited by papasmurf61: 20/03/24

STX Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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