Cash: US$77m(post-acquisition)
Debt: US$250m(post-acquisition)
Net debt: US$173m(post-acquisition)
Net debt US$173m, comparing with EBITDA of US$250m p.a at crude oil price US$56/barrel, is not huge. Reserve has already been approved, it's onshore.
At today's oil price of US$68/barrel, EBITDA would be around US$345m.
The underwritters dump won't take long, imo.
Broker data, page-49
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)