OEL 0.00% 1.3¢ otto energy limited

Ann: H1 FY22 Results and Half Year Report, page-12

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  1. 9,288 Posts.
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    tt2000 worth noting with the price of oil down over $20/barrel from peak estimated hedging loses through to September from now look to be in the region of $4.6M.

    OEL netting $105k day net income (~USD$38M annualised) and $75k net of all costs excluding P&I payments. With out of the money hedges rolling off over the next 6 months net income should improve at current pricing to $140k day net (~USD$49M annualised) assuming current production remains unchanged.

    Worth noting current SP is USD$54M .... less Net cash ($USD$23M) and PANR shareholding (USD $5M) comes to USD$26M .... Net current income annualised at USD$38M with expenses outside of P&I costs of $11M .......

    Screen Shot 2022-03-15 at 1.18.07 pm.png
 
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