KAR 3.32% $1.87 karoon energy ltd

Ann: Appendix 3Y, page-43

  1. Ya
    6,809 Posts.
    lightbulb Created with Sketch. 3829
    When they build up a DCF model, they use certain variables to project the PV10 for the Field, ie,

    Field life 10 yrs,
    2P2C for Bauna+Patola 51 mmbbls,
    10% royalties
    POO of USD 55/bbl to calculate Revenue/year
    Opex/Capex Cost guidance USD/bbl.
    Tax rate & Exchange rate.

    Once the PV10 is calculated, they do a sensitivity test, i.e, oil price/ cost/ production/ exchange rate fluctuation.

    With the planned remedial work for the ESP's + 2 Patola wells the capex gets split over the timeframe for the planned activity.

    --- --- -- -- ---

    To get an idea, u could go to PetroRio's website & download their DeGolyer certified reserves for Frade & Polvo etc. That should help u understand this better.

    This time around KAR r using another mob to sign off the reserves & they haven't released the detailed Report as was the case in the past for their Brazil assets.

    http://ri.petroriosa.com.br/servicos-aos-investidores/relatorios-de-certificacao/

    https://api.mziq.com/mzfilemanager/v2/d/cecb3d3e-6bd6-4edd-b9b3-3cacde780cac/eda1e601-10f3-4ab7-7fbb-1414e7084e5f?origin=1

    Skip to page 40-41 on the above link.
    Hope this helps.
 
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