The response to Rivemore was do with accounting (scaremonerging on Sonangols ability or willingness to pay) , as operator Melbana is reponsible for payment of all expenses and then is reimbursed by Sonangol and this will be opposite position when then statrt generating revenue.
However a few comments in response to you post.
1. USD is the primary basis for quoting and payment for oil.
2. USD $75 is a very conservative estmate of the price likely to receive.
3. Asssuming a very conservative Profit of US $15 per barrel - Melbana share of production of 5,000 bpd which equates to AUD of $13.6m, which equates to a very conservative EBIT of 15.6x (current martket cap)
4, On reaching 20,000 bpd - and AUD $54m - EBIT will 3.92x
As the others have stated EBIT will only form a part of how the market will value the company in due course.
- Forums
- ASX - By Stock
- MAY
- Ann: Block 9 - Maiden Contingent Resources
Ann: Block 9 - Maiden Contingent Resources, page-303
-
- There are more pages in this discussion • 151 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.2¢ |
Change
0.002(10.0%) |
Mkt cap ! $74.14M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.1¢ | $84.79K | 4.027M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1397391 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 1251398 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1397391 | 0.021 |
32 | 5574419 | 0.020 |
10 | 1545920 | 0.019 |
3 | 358730 | 0.018 |
4 | 3080355 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 1251398 | 8 |
0.023 | 2300000 | 5 |
0.024 | 2635742 | 8 |
0.025 | 1266441 | 5 |
0.026 | 715955 | 4 |
Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |