Australia's largest stock trading and investment forum Australia's #1 stock forum

CVN

3.23%

16.0¢ carnarvon energy limited

.

First 2 Last

Share
Profile

Follow
Mickman

839 Posts.

371

03/04/22

02:40

Post #: 60606124
Share

Originally posted by Trainman: ↑

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

Expand

.

Last edited by Mickman: 03/04/22

CVN Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

The winners & losers on market if negative gearing were gone

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The market's shrugged at China's stimulus measures all year. Why is this one different?

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

There are more pages in this discussion • 31 more messages in this thread...

First 2 Last

Add CVN (ASX) to my watchlist

(20min delay)
Last 16.0¢		Change 0.005(3.23%)		Mkt cap ! $286.2M

Open	High	Low	Value	Volume
16.0¢	16.0¢	15.8¢	$136.6K	855.4K

Buyers (Bids)

No.	Vol.	Price($)
6	166365	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	184462	4

View Market Depth

No.	Vol.	Price($)
4	106688	0.155
11	1673891	0.150
20	477375	0.145
14	571795	0.140
3	487000	0.135

Price($)	Vol.	No.
0.160	159462	3
0.165	335710	6
0.170	534952	11
0.175	569536	8
0.180	602975	9

Last trade - 16.10pm 27/09/2024 (20 minute delay)

CVN (ASX) Chart

.

ACCC seeks Olam divestments before it can buy Namoi Cotton

The winners & losers on market if negative gearing were gone

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The market's shrugged at China's stimulus measures all year. Why is this one different?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

.

Top Stories

ACCC seeks Olam divestments before it can buy Namoi Cotton

The winners & losers on market if negative gearing were gone

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The market's shrugged at China's stimulus measures all year. Why is this one different?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News