APUS SPUD imminent and a biilion net profit potential, page-23

SKB,

In Excel just enter the formula for PV(10%,10,1) for the answer as 6.144, where 10% is the rate, second value is time i.e 10 years, third value of $1 is Ordinary annuity of $1. That's the quickest way to know the Present value of a stream of cashflow in 10yrs. U can read up on Financial websites how to calculate the Present Value of an regular stream of cashflow to keep it simple.

Just change the last 2 variables, i.e field life of say 15 or 20 yrs for $1 ordinary annuity scenario, ie answer is 7.606 & 8.514. In the real world u'll get cashflow of USD50mil or 80mil etc spread over that said timeframe of 10 to 20yrs. Also the Commodity price & costs etc will keep changing.

End of the day its about the margin per barrel & the Field life assumptions in any way u look at a model. I think that's enough 'Fundamentals' for today. That will do for now.

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Confirmation from the Maritime authority of the Rig's arrival at Apus-1 two hours ago.

SECURITE
FM JRCC AUSTRALIA 031102Z APR 22
AUSCOAST WARNING 075/22
DRILL RIG NOBLE TOM PROSSER/D5AJ3 IN POSITION 19-11.42S 118-59.24E
2.5 NM CLEARANCE REQUESTED.
NNNN