Perhaps but I think people really under appreciate the cash flow and I think the rerate will occur in expectation of large distributions
W2 8E is expected to average 4700 with peak production at 10000. That tells me that the first 6 months of the field are likely to average around 7500- 8000 per day. These are the current 6 months starting from May where two wells are already on line.
i would expect some insto money to flow into the stock.
petra estimate 6.1c cash flow on an AUD Brent ( 95 usd and 73 AUD ) of 126 , whereas we are currently at 160. This margin if maintained will deliver another 27m and a cash flow or about 7.4c for the 12 months. ( in addition to the cash they already have )
last maari lifting in Jan was sold into mid 80 hedges , this time round the oil commanded a 7 dollar premium to Brent so around 117-118. This lifting happened last week so cash banked for the quarter
so many things working in Hzns favour at present
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- EV 175. Quarterly cash flow of 38- 39 m
EV 175. Quarterly cash flow of 38- 39 m, page-3
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $332.7M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 19.5¢ | $159.1K | 795.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1013224 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 676220 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1013224 | 0.195 |
14 | 1685411 | 0.190 |
16 | 993369 | 0.185 |
18 | 882163 | 0.180 |
33 | 2179456 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 697740 | 7 |
0.205 | 816862 | 17 |
0.210 | 2623476 | 16 |
0.215 | 278043 | 5 |
0.220 | 320000 | 3 |
Last trade - 13.42pm 16/07/2024 (20 minute delay) ? |
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