APUS SPUD imminent and a biilion net profit potential

Before being FID ready we have that last spin of the drill to look forward to.

Just before going there..

Without any further discoveries ...( of the approx 100 prospects pending in the Bedout leases)

My simple forward looking calculations on US$75 per barrel oil ( ignoring premium as light sweet crude) suggest a billion dollar after tax return on Dorado/ Pavo ( at 15 percent dorado 22.5 million barrels and 25 percent 10.75 million barrels approx Pavo super barrels ) on the liquids component alone if we sell 5 percent to get to FID.

: Dorado 15 percent at Brent US$75 per barrel

US dollars
costs
$5 opex
$13 capex
$7 ( royalties - a guess)
leaves
$50 gross per barrel minus 40 percent PRRT ( gov tax)
leaves
$30 gross profit minus 30 percent income tax
leaves
$21 US per barrel net profit
multiply
22.5 million barrels ( 15 percent of 150 million)
$472.5 million US profit
$630 million Aus dollars profit

plus

PAVO 25 percent ( after selling 5)
$5 opex
$5 capex
leaves
$65 gross per barrel minus 40 percent PRRT ( gov tax)
leaves
$39 gross profit minus 30 percent income tax leaves
$27.30 US per barrel net profit
multiply
10.75 million barrels ( 25 percent of 43 million barrels)
$293.475 million US profit
$391.3 million Aus dollars profit at $0.75 Aus / US exchange rate.

Dorado
$630 million Aussie dollars
Pavo
$391.3 million Aussie dollars

Lets call it a billion dollars rounded.

Then the gas phase begins ......

That is why I think 90 c is at least fair value at 1.8 billion shares on issue.
The potential in this basin is enormous

I think early this week the APUS spud is likely.

best wishes
Trainman