RE: Comparison19 Apr 2023 17:08
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Might have a crack at comparing Kistos coming off a low of £2.75 now at £3.30,
and JSE, coming off a low of 61.5, now at 65p
Both buying up producing resources...
Kistos £3.30, MC £276M
debt ?
Completion acquisition.. (adds 24 MMboe of 2P reserves (operator estimate) plus 30 MMboe of 2C resources,)
Total Group reserves plus resources to approximately 80 MMboe.
Total production in 2023 between 8,500 and 10,500boe/d.
Total production in 2025 +15,000 boe/d ,( once the Jotun FPSO is on production)
JSE 65p, MC £292M
debt 0
Total Group reserves plus resources to approximately Dec 2022, 64.8 mmboe
In the first quarter of 2023, FPSO repair and planned maintenance ~10,000 boe/d
2023, Remaining 9 months production between 13,500 - 17,000 boe/d,
2024, 17,500 -22,000 boe/d (further 5,000 boe/d Malaysia infill well H2 2023, plus Akatara production H1 2024)
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Suggestions to help make it a good comparison welcome..