Without any fanfare, the Reserves and Resource Statement has...

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    Without any fanfare, the Reserves and Resource Statement has been updated as at 31Dec2024.

    https://hotcopper.com.au/data/attachments/6879/6879462-ebc60f6193a631c7e61f357a75f86b42.jpg

    https://hotcopper.com.au/data/attachments/6879/6879463-e3d6ef8d78f6146a2152004e0353c7df.jpg

    https://hotcopper.com.au/data/attachments/6879/6879466-dbd988e0ea7488b6f8848928555f7c2e.jpg

    Now that all is said and done on Who Dat, it must have cost Shareholders ~A1b ... or 2 years of Bauna cashflow.

    Admittedly, the price of Oil at 1Oct23 was expected to rise to over $100 ... but here we are with WTI at ~US$67.50.

    Acquisition price of US$720m plus CapEx of US$145m plus finance charges of US$40m plus Notes Interest of US$35m (x5). Cashflow of earnings after interest and tax gives US$100m x 12 years and based on a P/E of 3 gives a Capital Value of ~ US$400m. 1080 less 400 gives a loss of US$680m or given an exchange rate of 63c, A$1.08b.


 
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