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GG171
Standing by my calculations just pumping this post
Revenue $53m
Work this backward
$53,000,000 divided $64 (oil price) =828,125 barrels per year
828,125 / 360 = 2,300 bopd
2,300 x ($64-9 = $55) x 360 = $45,540,000
45,540,00 x PE 4.5 =$209,960,938
$209,960,938 / (USD to GBP = 0.72) = £147,571,875
£147,571,875 / 1.141 billion shares in issue
= 12.9p
However, i have worked back using that figure as net and taken away the $9 costs
If I use the figures we know or expected bopd to be:
3000 bopd x 360 x $55 x P.E 4.5 = $267,300,000
$267,300,000 x 0.72 (exchange) = £192,456,000
£192,456,000 / 1,141,000,000
= 16.8p
Should see a flip on PE ratio to reflect positive cash flow on accounts due end of this month into next.
Minimum without PE of 4.5 I would expect this to be at least 5-6p now.
Problem I see is no one knows about this share, look at volume and look at share chat on this BB
Once accounts issued showing no debt and revenues expect this to fly.
I am also expecting RNS confirming pumps installed and operational
Hi Charlie, considering how cheap SENX is, what would you reckon the share price should be?
I've just watched the presentation. I am in. Payday on the 26th and I'll be adding more.
Just picked up 500k @ 3.25p
3.2p to buy so that figure and over is a buy folks
Taken more this is to cheap imo
Spudton:
This was a calculation to show the recoverable, I used 25-35% of sabria and only 75MMBoe of Satu Mare not the full asset reserves
This in relation to the asset in Tunisia
Sabria
Asset is said to have 358 MMBoe (independently verified)
The resource has had extremely low development with only “1.2% produced”
The reason for this low rates was a variety of reasons - simple reasons - Pumps to increase revenue had not been installed.
Any way the interesting part out of that 358 MMBoe they believe 25-35% recovery factor of which only 1.2% has been recovered.
So ladies and gentlemen I get to the interesting part.
Satu Mare - we use the 75MMBoe mean risked (not the 358MMboe - don’t want to get to greedy)
Sabria - we use A) 25-1.2% of 358 MMBoe = 85.2MMboe + Satu Mare 75MMBoe = 160.2 MMBoe
Sabria - We use B) 35-1.2% of 358 MMBoe = 122 MMBoe + Satu Mare 75MMBoe = 196MMBoe
Recoverable average totalling
160.2MMboe and 196MMboe
Satu mare 75MMboe at say $40 profit (currently $55) =$3billion
Sabria @ 25% - 1.2% = 85.2MMBoe at say $40 (currently $45) = $3.4billion.
Sabria @ 35% - 1.2% = 122MMBoe at say $40 (currently $45) = $4.88 billion
$6.4 to $ 8.28billion
X0.72 USD / GBP
£4.6 billion to £5.96 billion
Not on advfnn will look at getting on over the weekend. Will collect all my info I have posted into one word doc then copy and paste.
Like wise if you want to click on my name you can copy and share it’s up to you
Charlie any chance you taking your great info you produce on LSE over to the advfn bb as well you would be really appreciated over there
Yes, what you are missing is how much of the oil is recoverable
Yes, what you are missing is how much of the oil is recoverable
Bit of a flurry at the end last night, let’s see if more buying kicks in as word gets round.
Yup me too, feel very lucky to have found this and be getting in at these levels.
Gazza imho I’m expecting a buy out or take over.
CEO was part of Kazakhstan Oil & Gas when they sold out to the Chinese for $4 billion.
The company since his interception has been transformed.
No dept, low cost, oil & gas producer with cash in the bank.
Drilling should be completed and pumps installed shortly.
Expecting a dramatic SP shift on accounts due early next month
All you can do Charlie is keep buying more. That's what I have been doing.
SENX figures are absolutely mental - this MC is crazy low, this should be £600-700m company easy surely on those figures ???
Satu mare 75MMboe at say $40 profit (currently $55) =$3billion
Sabria @ 25% - 1.2% = 85.2MMBoe at say $40 (currently $45) = $3.4billion.
Sabria @ 35% - 1.2% = 122MMBoe at say $40 (currently $45) = $4.88 billion
$6.4 to $ 8.28billion
X0.72 USD / GBP
£4.6 billion to £5.96 billion
HOW IS THE MC ONLY £36m this doesn’t even include the GAS and SENX is predominantly gas. Am I missing something here ????