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https://www.reuters.com/article/oil-global-jpmorgan-idUSKBN2OF0H1
I suppose this worst case scenario would change the assessment if the sp will get over £10
that’s the answer i wanted to see. Thanks
Paniiiiiiiiiiiiic!!!!!!!!
+£0.5. Finally increase production to 55k
+£1. FDP approval.
Oct price prediction over £4.5
https://finance.yahoo.com/news/iraq-oil-exports-11-07-105621083.html
truly remarkable day more to come
Didn’t realise this will have a major and immediate impact on share price ??
Nov & Dec
keep buying
That means that issues on wells SH-12/13/14 are not going to be solved in a matter of few weeks....
For me this is a disappointing RNS ...
theoryman . you get a 36.8%. That's in the lower range of the R factor. Is that a precise calculation or just based on empiric observation?
clueless blah blah blah
PUTUP you put a lot of words but not many numbers. Please be precise on your calculations. If not you are playing a misleading game
Crosschecking my calculations against real data from the first 2021 semester:
At $60 brent = ($25.056 || 21.6)
6 months profit from oil 40bopd = 40K * 180 * ($25.056 || 21.6) = $180.403m || $155.552m
From the results report the revenue was $133.423m. My calculations are not far off but are more positive and this may be due to three factors:
- a missing payment on the semester
- the average estimation at $60 is too optimistic.
- oil price hedges are not consider
Unknowing the rule for Split based on R-Factor (Cum. Rev/Cum. Costs),
these are my calculations
From Gross Revenue:
Contractor cost recovery = 0.9 * 0.4 = 0.36
Contractor oil profit = 0.9 * 0.6 * (0.3 || 0.15) = (0.162 - 0.09)
Total Contractor = (0.522 || 0.45)
Total GKP = (0.4176 || 0.36)
At $85 brent = ($35.496 || $30.6)
Yearly profit from oil at 55K bopd = 55K * 365 * ($35.496 || $30.6) = $712.5822m || $614.295m
$350m for 32.7% stake on a 500,000 barrels per day field?
How does this valuation relates to gkp interests?
80% of a 55k per day field?
a. A most likely P/E ratio estimation at this price piing for year-end results in a few months is slightly about 3. That's nuts.
b. Simply wall street valuation has changed from, 6.54 two months ago, to 2.14 a few weeks, to 1.18 today. That's nuts.
c. Thinking of a takeover when all O&G majors are planning to disinvest in oil asses is completely and utterly nuts.
Please illustrate me with your comments
What's going on with these, mates?
No news good news?