CVN 6.25% 17.0¢ carnarvon energy limited

for wipz and all who asked today,Basis is as follows:poo =...

  1. 349 Posts.
    for wipz and all who asked today,

    Basis is as follows:
    poo = US$80/bbl (80% of actual);
    costs = US$12/bbl (from last update);
    prod (net to CVN) = 2600 bopd;
    prod (net to CVN) = 949,000 bopa;
    gross = US$76 mil per annum;
    op costs = US$11 mil per annum;
    Royalties & tax = US$39 mil per annum;
    net = US$26 mil per annum;

    US$26mil buys an awful lot of self funded wells (over 300 actually) - Just like building hotels on Mayfair :o)

    tc, totally. more than fair value no that it's below 50c.

    cheers
    neo



 
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