Kangaroo, that is one of the silliest things I have ever read on hot copper.
‘If the oil production doubles the share price will double’, totally nonsensical.
I couldn’t find the last quarterly so I used the first half of 2019.
Oil Revenue. ....$2.0M
Cost of oil. ....$0.95M
Gross Profit. $1.13M
Expenses
Admin. ....$0.52M
Employees. ....$0.45M
Financing. ....$0.04M
Total Expenses .....$1.01M
Profit. $0.15M
Now after Indonesian income tax there was a bit of a loss.
If you double the oil production the main change to these figures is
Oil Revenue. .....$4.0M
Cost of Oil. ....$1.9M
Gross Profit. ....$2.1M
Expenses
As before. ..... $1.01M
Profit with double oil. ....$1.1M
Doubling the oil production is transformational, a profitable enterprise compared to a non viable enterprise. The start of the road to being a profitable oil company.
Saltbus
