I would be surprised if they sell a nil FCF generating oil business for $60m.. especially with a recession cloud hanging over everyone's heads and oil prices under pressure.
If I remember correctly, their sort of wells cost about $1.5m to $2m to develop and each produce about 200 BOEPD. Last quarter grew by 300boepd. So we can take off about $3m of the capex to calculate a steady state FCF. Last quarter's FCF was loss of $3.3m, so if we do that then we see there is no real FCF to be generated in this business if you assume steady state maintenance capital and current oil prices.
- Forums
- ASX - By Stock
- CE1
- Hello from MRR - glen whiddon - feedback
Hello from MRR - glen whiddon - feedback, page-11
-
- There are more pages in this discussion • 1 more message 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 CE1 (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $5.701M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $120.4K | 13.19M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 4959827 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2350353 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 4959827 | 0.008 |
5 | 5658571 | 0.007 |
6 | 20450000 | 0.006 |
11 | 15712000 | 0.005 |
14 | 5937750 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2350353 | 1 |
0.010 | 4204118 | 19 |
0.011 | 150000 | 1 |
0.012 | 3622731 | 2 |
0.013 | 15666 | 1 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
CE1 (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online