Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-49

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Wazz101

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27/10/21

11:49

Post #: 57108707
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Originally posted by Wazz101: ↑

So, just to work through the maths for you and all, we have the following growth rates:

Actual increase in quarter ( Sep v Avg) - 15%

Price increase ( crude est of 80 v qtr average 71.6, applied to all production) - 12%

Exchange rate ( 75 v 73.5) - 2%

New production ( enabled with crypto gas generators plus) - 15%

Annualising that onto Sept quarter is USD 24.5m, round to $25m.

QED

I don't think that's too much of a stretch, given all the variables and lack of sizing on new production estimates. There are a couple of wells currently off line due to flaring etc. that will start production this quarter. The fact that they bought a truck ( while funny that it gets a mention in the quarterlies) does give an indication of their intent.

You might want to stop blaming management for the drop in crude prices in 2014/5 and recognise their not inconsiderable nous in keeping the company alive and now starting to deliver.

Good luck, you might find @1.4 a buying opportunity yet!

Expand

If I take @taylorstjames post for the EMU's revenue ( USD 0.875m per unit per month) and use that for 2 units for just 9 months, instead of the 15% growth rate, that brings annualised Revenue up to $37.5m

thanks Taylor

Wazz

AXP Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-49

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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-49

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