Petra project a cash balance of 75 m AUD by next June post dist and on a lower AUD oil price assumption
the key take out for me was the production profile estimate for Beibu for the next few years looks to be averaging 11000 vs the historic age of 9 ish . That is a material uplift and will see very strong cash generation for next few years, especially with an elevated oil price. The Sub 1.5 EV to EBITDAX highlights how cheap this is and it’s a strong buy on all financial metrics
as others have mentioned the pay out is slightly on the conservative side , the quantum of which will allow for more in Feb. Possible for 2 c in feb and perhaps 2-3 c in August again
Petra project a cash balance of 75 m AUD by next June post dist...
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Last
22.0¢ |
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Mkt cap ! $357.5M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.3¢ | $718.4K | 3.312M |
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| No. | Vol. | Price($) |
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| 6 | 575841 | 21.5¢ |
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|---|---|---|
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| HZN (ASX) Chart |