Thanks for posting your analysis @OldGeo. I am interested in where that revenue leaves MEL at a net position. Assuming
1. Your revenue
2. Opex $3/GJ
3. Staff and corporate from MEL qtrly
Revenue $316
Opex $144 (@$3gj)
$171
Staff costs $57 (YTD $681)
Admin. & Corp. $83 (YTD $1003)
EBITDA $31
Increasing the $/GJ by $1 increases the EBITDA to $67k/month. So if Vali 2/3 can't be brought back but Vali 1 and Odin 1 are online MEL is breaking even or a little better. My own assumptions, happy for feedback and improvements.
MEL has working capital of $2.9m. So assuming
Sept qtr same as June qtr ($524)
Capex on Vali 2/3 ($500)
So by end of Sept qrt MEL could/should be breaking even and have $1.9m working capital.
Whats the plan from there @OldGeo ? Assuming Vali 2/3 can't be brought online. Would it be to drill a Vali 4 or an Odin 2? Odin is more profitable on a $/GJ however we may have obligations to AGL at Vali?
As @Fatporka pointed out there is talk in the presentation of Odin 2 in early 2024?
I totally agree with your comment that this is nail biting stuff. If they can get to breakeven on the back of Odin 1 by Dec qtr that would be a good start.
- Forums
- ASX - By Stock
- Ann: MEL Presentation - Good Oil and Gas Energy Conference
Thanks for posting your analysis @OldGeo. I am interested in...
-
- There are more pages in this discussion • 16 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 MEL (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $6.244M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.5¢ | $14.96K | 2.992M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 13713050 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 51000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 13713050 | 0.004 |
8 | 15262019 | 0.003 |
5 | 16775010 | 0.002 |
2 | 45500000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 51000 | 1 |
0.006 | 5303007 | 14 |
0.007 | 2330463 | 4 |
0.008 | 1039391 | 2 |
0.009 | 80000 | 1 |
Last trade - 15.48pm 26/06/2024 (20 minute delay) ? |
Featured News
MEL (ASX) Chart |