AED 0.00% 14.5¢ aed oil limited

bearish news finally over, page-2

  1. 2,243 Posts.
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    Marksman

    You do seem to miss some very relevant facts in your maths, such as over 40% of their first 12 mths production (assuming 10k Bopd) is forward sold at around US$70 per barrel.

    Also they only get 96.8% of revenue due to 3.2% ORR interests to other parties.

    Plus there will be some pretty big bills still to pay for P10 drill and now can we expect to see some sort of cancellation fee for the second FSPO.

    Interest payements on a 150m+ loan isn't cheap either

    It still doesn't look like great value to me yet

    Zinc
 
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