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RG435

229 Posts.

17

14/04/21

13:31

Post #: 52459363
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Originally posted by Autosime: ↑

Crazynwild
your numbers don’t make sense.
the problem with this little dribblers is the cost to produce is very high. The MD himself disclosed lifting costs ( before transportation costs ) are 39 per barrel in trey field . So Onne assumes total costs of 45. Then of one takes the NRI of 80 of the sales price at 60 they make about 3-4 cash dollars per Barrel
on 300 barrels per day ( not there yet but I am being generous ) that is 1200 per day or around 100k per quarter . Not enough to even pay some of the salaries
now let’s take your upside scenario - 64 dollars per barrel simply double the profit to 2400 per day or 200k per quarter odd . Still cash flow negative . You can see your assumption that a 4 dollar increase in oil price justifies a 30m increase in market cap when all is achieved is another 800k odd a year is ridiculous and very poor analysis

note the NRI in the MHP fields is only 73%. So they incur 100% of costs to receive 73% of the cash flow

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I like your explanation Sir. That's why I ended up selling, probably will buy back if the sp goes back to .003 - .002c

FPL Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $5.824M

Open	High	Low	Value	Volume
0.1¢	0.1¢	0.1¢	$2.157K	2.157M

Buyers (Bids)

No.	Vol.	Price($)
49	79478513	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	118597896	67

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No.	Vol.	Price($)
47	76478513	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	102959932	65
0.003	27542568	17
0.004	12641247	12
0.005	4901679	16
0.006	4125763	7

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