rfe by project, page-4

Ok, my simple model below as promised. Remember this only attempts to value EOK (the motherload). All other production centers are a bonus.

The NPV PER SHARE that I've arrived at is $9.04.


I've modeled cashflows out 20 years, at which stage all wells have been exhaused (first wells exhaust after 10 years). I'm only showing 10 years in the screengrab as it was too hard to grab the full 20 years.

Assumptions:
- To keep things simple flow rates are at a constant 300cf per day.
- Wells exhaust after 10 years at ~0.3bcf.
- AUD/USD rate has been fixed at a constant 0.80. A stronger USD would benefit RFE.
- Does not assume any further upside to reserves!!

Happy to discuss and ammend based on opinions. Remember this isn't a detailed model, just some rough calcs that I've come up with that I thought would serve as a decent example.