Let's do some maths
3800b a day at present
With a prospect to rump up a production in this quoter let's make it 3900barrels/day as an average (very conservative)
Oil price at the moment $110 a barrel, but it can go both ways up or down so I'll take future price of $95USD/b to be on a save side.
OK, six months translates to 366 days divided by 2
which equals to: 183days x 3900b/day x $95=$67.801.500USD
Wow, nearly 68 millions USD for a half of the year.
Now, let's not get too excited - TAX!!!!
It is something I have no knowledge of, so I presume that it might be in the range of 50/60% of their income
Taking into consideration 60% tax it still makes $27 million
USD profit for half of the year what with a present exchange rates translates to $28.8 million AUD.
The expenditure are to be stable or less than $8,8 million
AUD which is leaving us with $20 AUD million profit for half of the year or staggering $40 million a year.
Might be some faults in my calculations as it is nearly 40C in Adelaide in the recent 3 weeks, so I encourage you mates to challenge my maths. Can you also tell me what it means to a share price, if the calculation is correct.
Thanks
Kajtek
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Mkt cap ! $187.8M |
Open | High | Low | Value | Volume |
10.8¢ | 11.0¢ | 10.5¢ | $204.6K | 1.907M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 7009533 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 1031807 | 8 |
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No. | Vol. | Price($) |
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31 | 7004533 | 0.105 |
55 | 4040100 | 0.100 |
3 | 30282 | 0.099 |
1 | 10200 | 0.098 |
1 | 25000 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 1031807 | 8 |
0.115 | 1189374 | 7 |
0.120 | 79750 | 3 |
0.125 | 511803 | 9 |
0.130 | 202311 | 5 |
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