I'd like to work out the current annual revenue of VIL.My...

I'd like to work out the current annual revenue of VIL.

My experience in such calculations is limited so if i have made a glaring mistake please feel free to correct it.

Assumptions:
1 AUD = 1 USD
80USD - Im using 80USD for oil calculations even though its 88 atm.
4 USD = Price of gas.
400BOPD from Bongo 400/10 = 40
40*80 = $3200USD a day
3200*365 = $1,168,000 a year before costs.

Now heres where i struggle. To work out how much 248 MCF (2.48MMcf/d /10) works out in USD. Someone able to help me with that? I have tried numerous calculators and google'd it for the past hour however all the figures offered seem way too varied to be accurate.

Silverwood - now producing 30BOPD - 30% = 9BOPD = LOL
9*80*365 = $262,800 per year before costs.

Bullseye - From the Pass merger Ann "Bullseye project provides approximately $35,000 per month cashflow"
Lets say that has dwindled down to $25,000 a month as its currently in decline and they are waiting for production to stop before trying a the Camerina sands interval.
From AGM minutes:
"Plan to test the Camerina in Jumonville # 1 well once
commercial production ends. Camerina estimated resources: 2.2 ? 7.1 MMBO and 2-7 BCF of gas (but extent of reservoir unknown).

So 25k*12 = $300,000 per annum.

Not factoring the gas from Bongo this is a total of approx $1.7m a year before costs. Surely thats enough to pay maintenance? Why i am writing all of this is basically as 3 months ago when the FP ann came out and we sunk to 1.2 i thought to myself "jesus.. this co. could actually go belly up." however i now have complete confidence that though the current SP is a far cry from 3.2c (my entry price) it is in no danger of getting much lower for long. If i had more money i would say that 1.3-1.4c is a great buy. Especially with Sidi spudding in a few weeks. That should take us up to 2c on hype alone. 25% gain minimum risk.

Our big play no doubt is still FP2 which will hopefully have a location chosen by March and then its a matter of farm out and then spud.

Sentiment changed to "buy"

Please DYOR this is all IMHO.