Something else to consider...
Calendar 2022 production will be 5000 boepd (average)
Financials projected are based on oil at $60 USD. They confirmed Free Cash Flow (FCF) as $9m - money available for dividend distribution and accounting for CAPEX already re: new wells etc.
If oil averages $70 USD or $10 per barrel more and we pump 5000 boepd (there is about 25% gas which skews this a bit...) , that's an additional $18.25m in FCF. Total $27m FCF
Based on 10 bln shares atm, that's 0.27 cents per share available or 27% yield . Nice return!
That's the upside - amongst others such as a deal on Montney which is exciting.
Something else to consider... Calendar 2022 production will be...
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $79.13M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.5¢ | $2.5K | 20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 20537594 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 14758157 | 41 |
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| Last trade - 10.02am 08/05/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |