I've been thinking (always a bit dangerous). But ever since I saw that a low cost of $23 a Barrel is possible for SNE, I've been thinking what is required to get us to $1 a share (AUD).
Either its Higher POO or more oil. But how much? So I thought I'd throw a few calcs in a simple spreadsheet - Assumptions that won't necessarily be the same:
(1) we have 3.693 Billion shares on issue
(2) exchange rate is 1 US buys 1.4 AUD
(3) our share is 15%.
So can we be profitable at $30? Yes at the lower end of the possible cost scale - we'd be up $7 a barrel. To get to $1 a share we'd theoretically need to find 2.5 billion barrels overall (our share about 376 million). Sounds big, but shale are currently hedging their 2017 contracts at $45 a barrel and we won't be online for a few years later when prices should be higher. If we can get $15 a barrel profit, we only need to find 1.17 billion barrels (our share at 175 million) and it really seems to get interesting.
It can't be so simple can it? I must be missing something. Let me know where I'm going wrong? I'll be watching the upgraded resource figures with interest in coming weeks.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 0 AUD for $1.00 share AUS$ Barrel US$ barrel USD to AUD Our Share in Barrels Total barrels 1 $ 3,693,000,000.00 9.8 7 1.4 376,836,734.69 2,512,244,897.96 2 $ 3,693,000,000.00 14 10 1.4 263,785,714.29 1,758,571,428.57 3 $ 3,693,000,000.00 16.8 12 1.4 219,821,428.57 1,465,476,190.48 4 $ 3,693,000,000.00 21 15 1.4 175,857,142.86 1,172,380,952.38 5 $ 3,693,000,000.00 28 20 1.4 131,892,857.14 879,285,714.29 6 $ 3,693,000,000.00 35 25 1.4 105,514,285.71 703,428,571.43
- Forums
- ASX - By Stock
- New Cairn IP on their website
I've been thinking (always a bit dangerous). But ever since I...
-
-
- There are more pages in this discussion • 21 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 FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
50.0¢ |
Change
0.010(2.04%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
49.0¢ | 50.0¢ | 49.0¢ | $16.01K | 32.15K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3951 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 25039 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3951 | 0.500 |
2 | 7000 | 0.495 |
1 | 1372 | 0.490 |
1 | 42046 | 0.485 |
1 | 5000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 25039 | 3 |
0.510 | 150895 | 3 |
0.520 | 226786 | 4 |
0.550 | 77285 | 3 |
0.555 | 10000 | 1 |
Last trade - 13.20pm 03/10/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |