RE: OEX JV Inbound peeps.26 Jun 2021 13:49
I wish I could post my spreadsheets for coming up with values like this, but here's how I came to this figure which in my opinion is conservative.
Current theoretical values:
Cambay;
1Tcf of untapped gas
1Ccf is currently valued @ 0.72£/Ccf
Total value 1Tcf; £720,000,000,000
Less operating costs at approx 50% £324, 000, 000
Less JV (Assumption 45/55 split) £178,200,000,000
Let's draw this down over a 15 year period;
£5.9bn per annum. After this incredible amount of expenditure.
Let's take that and look at similar companies, I'll use Total as an example.
Total's revenue is around the $200bn mark. Around £35/share.
£35/200 = £0.175
£0.175/2 (feck factor)
£0.08
Hold my beer.