Sentia, royalties for oil and gas are levied differently from accounting taxes. This below may help your calcs.
NZOG's share of the devpt costs is US$34M. Add to this perhaps some drilling costs for Hector etc, so perhaps US$37-8M. These are 100% deductible at the beginning of the project.
Therefore for the first US$37-8M of revenue from the project, just assume a NIL royalty rate, then go at 20% after that, with an ongoing deduction of US$10 a barrel for your operating costs.
Profit versus cashflow for NZOG will look very different at the beginning. There will be a lot of deductions for company tax that may not have a cash effect (as the cash was spent long ago). I would focus more on the cashflow that will sit on their balance sheet as that is where the real value is.
- Forums
- ASX - By Stock
- ECH
- december quarter profit
december quarter profit, page-4
-
- There are more pages in this discussion • 12 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 ECH (ASX) to my watchlist
|
|||||
Last
38.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $85.10M |
Open | High | Low | Value | Volume |
38.0¢ | 38.0¢ | 38.0¢ | $113 | 298 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 255 | 39.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.0¢ | 12 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 255 | 0.390 |
2 | 36969 | 0.380 |
2 | 32486 | 0.375 |
2 | 71500 | 0.370 |
1 | 19923 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 12 | 1 |
0.405 | 6 | 1 |
0.430 | 147808 | 1 |
0.440 | 165308 | 4 |
0.500 | 831 | 3 |
Last trade - 10.02am 05/08/2024 (20 minute delay) ? |
Featured News
ECH (ASX) Chart |