PBR didn't have any contingent payment in the original sale for Bauna of USD 665 mil (ie 49,9m deposit + Blnc of USD 615.1m). Ideally they should do a revised price adjustment since Oil dropped off. USD 17/bbl in April was the worst ever for Bauna.
For 18 mths Bauna (ie FY2019 + 1H 2020) oil sales should do around 9.8 to 9.9 mmbbls & apprx USD 520-530mil Revenue.
16mths sales from Bauna are 8.9 mmbbls Oil & Gross Rev of BRL$ 2083.39 mil. Dont have the actual sales/royalties data for May-June yet.
https://mz-filemanager.s3.amazonaws.com/25fdf098-34f5-4608-b7fa-17d60b2de47d/comunicados-ao-mercadocentral-de-downloads/ea575f5ad2cfc7aba54dcb7d1b3ce109aceb3a1918f7223ff6e8533c0019ccb8/petrobras_signs_contracts_for_sale_of_shallow_wate.pdf
https://s3.amazonaws.com/mz-filemanager/25fdf098-34f5-4608-b7fa-17d60b2de47d/9fa3b5e7-61fd-42d8-ab66-8c86c8d90590_fr_closing_pampo%20e%20enchova_ing.pdf
-------
For the Enchova Cluster sale PBR shaved off almost 50% of the sale price, but added that to the contingent payment.
So the headline act was USD851mil + 200mil Contingent became USD418.6mil plus 650mil in future contingent paymnts from Trident.
The Onshore asset was sold to another party for USD 7.2mil & gives the buyer 18 months to pay that amount.
- Forums
- ASX - By Stock
- KAR
- Big news overnight, Bauna deal terms very likely to be revised
Big news overnight, Bauna deal terms very likely to be revised, page-9
-
- There are more pages in this discussion • 76 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.57 |
Change
0.025(1.62%) |
Mkt cap ! $1.223B |
Open | High | Low | Value | Volume |
$1.56 | $1.59 | $1.54 | $9.146M | 5.853M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 119714 | $1.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.58 | 23710 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 119714 | 1.565 |
5 | 56229 | 1.560 |
3 | 47229 | 1.555 |
4 | 21324 | 1.550 |
1 | 6463 | 1.545 |
Price($) | Vol. | No. |
---|---|---|
1.575 | 23710 | 2 |
1.580 | 75105 | 5 |
1.585 | 12663 | 2 |
1.590 | 131979 | 4 |
1.595 | 90259 | 6 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
Featured News
KAR (ASX) Chart |