In calculating the value of oil in Indonesia, you need to appreciate the Production Sharing Agreement(PSC).
Typical conditions are:
1. Operator(and shareholder recovers CAPEX costs (over 5-7 years)
2. Pertamina-BPMIGAS/Operator split for oil production are typcially 15%. ie., after prodcution costs the Operator gets 15% of sales revenue.
3. Long term Oil price is more likely to be $35-40/bbl.
Conclusion, the oil discovery will be "reasonably" profitable. It is not likely to double or triple the company value.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $83.89M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $684 | 5.666K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 113817 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 352116 | 14 |
View Market Depth
| Last trade - 13.56pm 07/07/2025 (20 minute delay) ? |
| CUE (ASX) Chart |