Rager
That number assumes an oil price of A$100 a barrel - is now A$80 a barrel. Also it is pre-tax.
So $70m a year.
PRT @ 40% is $28m
Taxable profits $42m
Tax at 30% is $12m
Net profit after tax is $30m
10 years, $30m, discounted at 15% is $150m which is only half of the $310 value based on AED deal.
There are a number of issues with the above valuation
- it is higher because I used A$100 per barrel rather than current price of $80 per barrel
- the estimate of PRT and income tax ignores exploration expenditure that can be transferred from other projects and bought forward income tax losses.
I still get back to $310m being a negotiated market price as a fair value.
RagerThat number assumes an oil price of A$100 a barrel - is now...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NXS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $68.54M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.5¢ | 21.5¢ | $46.14K | 206.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 130676 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 19533 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NXS (ASX) Chart |