some further facts:
their Accounts payable figure is usually as big as their Cash at bank figure - so they still have $50.8mil in debt - and they're still paying 10%pa interest on this debt - they'll be very lucky to produce 9bcf in 2009 or about $50mil in revenue at current prices before costs of $30mil and hedging benefit of $10mil less interest of $5mil so maybe they'll be able to halve their debt next year - but all these fields will be depleted by 2011 and they'll have substantial cash-out rehabilitation costs in removing platforms,etc.
Chasing its tail I'm afraid - they'll have to get out of the Focus deal next month to reduce costs.
- Forums
- ASX - By Stock
- just wait until it becomes popular again
some further facts:their Accounts payable figure is usually as...
-
- There are more pages in this discussion • 10 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 PSA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online