ultra-conservative project values for Boaz. Left is ebit, right side is net. Risked net npv of $1Billion, while our current market cap is ~$11M, with $9m cash. EMV of $460M means this will be drilled one way or another. It's likely my numbers are on the conservative side by a factor of two or more
Most of the capex has already been spent by Equinor on the Eirin project with additional capacity built in to the new field. This means Boaz would be a wellheads, 5km of flow lines and go type setup.
“Extending Gina Krog’s productive life also gives us the opportunity to mature additional new reserves in the area. We’re still seeing possibilities for new discoveries, which is why Eirin’s new subsea facility will enable tie-in of new fields,” says Ketil Rongved, Equinor’s vice president for FLX Projects.
Double check with your own figures and sources.
GLTA and Merry Christmas
FDR Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
