Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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They did publish a graph as part of the IO study which covered 30 years of production obviously with decline after a period. I think it started to drop after 15.
Ref Mrs Brown, u missed a chance there & you should have had a chat with someone about being an extra, worked for me in the past, cash payment, food and drink and an amusing day or two :)
Resource life is unknown, 10 to 20 years possibly, you need extended testing (production) to calculate properly I think.
The FFD plan has 8 wells in total producing $40 mill net PA for each 25% holding . There is an option for another 2 wells in the last ARA but all that might change post 3D, providing we see that licence sometime soon. It makes you wonder what's holding it up,? Automatic extension as per the Petroleum act, budget and work for 21 and 2022 approved in parliament. Maybe its a potential deal in the background or just as likely the Energy minister faffing around?
thanks Chris for answering the option question on DM appreciated, shows they do listern to folk !!!!
Firstly Chris was there mention of up to 5-7 drills or have I got that from somewhere else if so that would make the output more wouldn`t it coupled with a bigger upgrade surly, also WHAT IS THE ESTIMATED LIFE OF THIS RESOURCE ???
as I`m happy to have no costs and get a revenue over lifetime of the drill this can be achieved in payment or Wentworth shares as they are currently paying 6.9% dividend, when could be activated on completion of the deal and the Wentworth SP surly be high on the drill positive outcome and if it is in production 2023/24, we would at least get 20.7 of our investment back by then and sold a few too I guess, plus a 5 million payment maybe would enable our board to expand there silly deal further with the proceeds but it would stop this dilution going forward as we would have revenue form "cow S**t" and "Dividends" "Gas" or selling our "Wentworth Holding Shares". if Wentworth was to do a deal soon and HE1 find gas we could have upto 10 million in the kitty couldn`t we, anyway back to the real world !!!
Bytheway how do you know they did exercise there option sorry Chris I didn`t see that !!!
I see mrs brown in Worthing along with usual suspects !!!
https://twitter.com/oldfootballprog/status/1404733722142851076
https://twitter.com/oldfootballprog/status/1404812146911977482
which one is not nuts !!!
+1 Highland
Frank,
EPS just the 3 wells, NT1 & 2 already drilled plugged for production + CH-1 = around $11.5 million net per year to SCIR
FFD = around $40 million net per year to SCIR
HE1 I see SCIR did exercise the 1 million share options @ 2.84p easy money with the current SP around 8bags higher :)
Well played!
It's not a crazy suggestion Frank, and not dissimilar to the AEX deal. There are many ways of structuring a deal depending upon what each party wants/needs at the time. IIRC AEX has stated its 25% is worth up to $40m net per annum. I would be keen for us to hang on to some future revenue from Ruvuma, so $20m pa without any dev costs would be ideal. For Wentworth, $35m capex to get $20m pa would be a good rate of return. I would be against a complete sale, as future revenues are massive and company changing. Sell 15% for $12m, leaving 10% holding and total of $14m capex? Would give $16m pa income and mcap £100m? We should at least retain a royalty payment if nothing else. Crazy to surrender all interest/progress for a measly $20m one-off.
I was thinking about the SCIR interview yesterday and the only bit I focused on what was he said about interested parties and may not lead into a transaction but at this stage it may not be money SCIR is looking for in the sense of it other than 5 million let’s say so if they handed over there stake to Wentworth and let’s say they got 50% of there 25% stake in Royalties but endured no future costs over the life of the asset then maybe SCIR could be quids in but I not done any sums to back this up of course but I feel they at this moment in time be pushed to get $20-25 Million for it and if the resource is bigger then then it could be massive for both SCIR & Wentworth, this would give Scirocco circa 7-8 million to waste on something else (excuse the pun) I’m not on any funny woodbines but does anyone know what AEX/SCIR will get revenues on the current resource once in production ?