re: Ann: Sugarkane Field Reserves Update for ... These reserves were taken to a bank to get a 300 million loan, to make the bank feel comfortable the reserves were very conservative as esteon has already pointed out.
One change that I did notice was the reduction in operating costs from 21,000 back to 15,000 per well. Ironically it brings the NPV's op ex assumptions back into line with the original estimations.
We are now in a situation where the 0% discounted 2P reserves NPV is a value higher than the current market cap.
One thing I am not sure on is does this include Longhorn and Excelsior or just the Sugarkane? Last page talks about the EUR's for all three. It doesn't mention Ipenema.
cheers Icharus
Ann: Sugarkane Field Reserves Update for Debt Fac, page-4
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FFM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
80.5¢ |
Change
-0.025(3.01%) |
Mkt cap ! $398.9M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 82.5¢ | 80.5¢ | $159.8K | 195.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3100 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 49192 | 7 |
View Market Depth
| Last trade - 10.19am 15/07/2024 (20 minute delay) ? |
| FFM (ASX) Chart |