The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I think it is badly worded and ambiguous and you deliberately miss understanding it.
I always understood $725m was the field value as was said in the presentation.
It bloody obvious if you do the maths that 10 wells are not $725m IMHO
Https://www.synergiaenergy.com/sites/synergia-energy-ltd/files/documents/documents-downloads/20221213%20Shareholder%20Presentation%20ASX.pdf
Page 17 --- under field development $725m
https://www.synergiaenergy.com/sites/synergia-energy-ltd/files/FINAL%20Investment%20presentation%20Aug%202023%20FINAL.pdf
Page 12 $3bn reserves
Page 13 NPV10 $58.3m.
Decline rate 30% not 40%
High pressure gas rate 15 no 40
Also the 775 is not by the 10 well calculation, but it is as I think the entire field, so I don't think you are comparing like for like.
I am going to model by both calculation tomorrow myself on Excel if i have time.
Yup, its just timing I was not expecting RR to continue up on the results as they had been flagged already and the share went up 35p, yet it has gone up another 15p with the detailed results published.
I was expecting a lot more from IAG, but the debt and raising interest rates, I think is really hurting it, although as someone pointed out here, only 25% is on variable rates, the rest is fixed.
I would not be a politician if they paid millions, it is an impossible job with continual hate throw at you.
But yes sorry I get on my soap box around politics.
I am not a spring chicken myself and I am going to join the Great resignation and retire soon, I have had enough of work for the time being at least.
Https://www.nimblefins.co.uk/savings-accounts/average-household-savings-uk#wealthbyage