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I’m not being negative because I want to make some money as much as anyone to recoup all my previous losses elsewhere but I just know how long these things seem to take. Here’s hoping’.....
GLA
Been holding for a long time , I can tell you categorically no one is ever busy behind the scene here. The tortoise and the hare comes to mind. Just make sure you take the tortoise roll
It could be in the next hour, could take another 4 weeks or more. Nobody knows.
What is for sure that there is lots happening behind the scenes and several announcements are due anytime.
I doubt it!
Might we get news within tgis week?
Up slightly in OZ, hopefully this is a consolidated base until the next news which in my view is nailed on.
Could come at any time.
We'll get the approval just Indian process which is like 19th century workings.
I'd reckon we'll see a penny as the NPV and IRR points to this and is positive.
Can someone else carry out the same analysis to see parity, you may have different parameters for eg level of production and drilling cost in IRR and initial investment of $125m and its time value of money (I used 10%).
Would be appreciating another stab by someone else
Lol it's how they're calculated
They're based on strategic working plans where it's up to competencies of management to make it happen to best of their abilities.
IRR is something the funder will do along with NPV and ROI to determine whether to invest.
I see that's why we will have an investment and now just depends on what level based on their level of perceived risk
Well that's nearly a 50 bagger machoman. I'll take it of course and if / when we start drilling who knows.
For me, I'm only looking as far as the next piece of positive news after which I belive we will settle around the 0 5-0.6 range. I also think the next news we get will be the Indian government approval, because without it no one is going to sign up to any JV etc.
Further positive news after this will send us over a penny hopefully.
An awful lot of 'ifs' in those calculations. If I won the lottery I would be a millionaire.
Price based on usd boe, so ex is 0.73 from $0.18779 would give £0.13709.
Apologies
Here's hoping
We can see that IRR is higher compared to NPV. Of the two more safer/ Conservative for investment analysis by investors is NPV. Depending on investment risk appetite.
Also bear in mind revenue will be effectively $125m higher in IRR due to tax efficiency of cos recovery pool, so really revenue of over $1billion over 5 years.
Do your own research also.
These are taken from current and favourably protected production as stated on company website and call by Joe with sharetalk.
GLA
If current production restarts at total 3.03mmscfd, would equal annually $11,716,500 at $60 per boe (535boe production). First year say 200 day's of production after drilling.
Initial investment of drilling at $18m for both wells
The IRR is 46% if this level maintained from year 2 throughout to year 5.
If can get x3 of current to 9.09mmscfd and maintain this level (200 days after drilling at year one production) until year end 5 the IRR is 141%.
If can get x4 of current production at 12.02mmscfd(200 days after drilling at year one)until year end 5 IRR is 193%.
If can get x5 max production at 15.15mmscfd after drilling and year one 200 days production. Maintain x5 through to year end 5 gives IRR 223%.
We can see x4 and x5 is too risky realising working on weighted average cost of capital (WACC).
Optimal is looking towards x3 of current production prospects.
1p reserves total now as on website at total 50.293 m boe.
If can create and maintain x3 production.
The production available is for 18.85 year's.
Total revenue over 5 year's is $874,312,400.
Divided by map of 4,655,766,978. Oilex can if potential efficient and effective realising to $0.18779 ex Aud to pounds of 0.56 gives £0.10516p.
Here's hoping.
GLA