Post Patola production is expected to be 34,000 bbls/day @$65/bbl, less US$15/bbl production cost, less US$6/bbl royalties = $44/bbl cash margin (pre tax) = US$1.5m/day * 360 days = US$540m =A$820m.
Pre tax Multiple
3x A$2,454m, $4.36/sh
4x A$3,280m, $5.83/sh
5x A$4,100m, $7.30/sh
If oil is at US$100/bbl then incremental annual pre tax profit is US$35/bbl less royalties or US$32/bbl cash margin * 360 days = US$391m or A$593m = A$1.05/ share. I expect 2023 to see oil prices back over US$100/bbl.
Karoon Energy on the oil assets acquisition trail, page-13
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Mkt cap ! $1.370B | |||
| Open | High | Low | Value | Volume |
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| Last updated 15.59pm 06/06/2024 ? | |||||
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