Brockham and Balcombe17 Jan 2019 11:20
Last Repost today sorry to those that have already seen.
Balcombe and Brockham online this year with an Oil price of $75 and both giving us net Bopd of 750.
Oil price $75 - $25 operating costs = $50
$50 x 1,500bopd (net of 750bopd x2) = $75,000 per day.
So in 1 month Angus coffers fill up by $75000 x 30 = $2.25M
Let’s take our monthly figure and put it into the yearly figure so $2.25M x 12 = $27M let’s then apply an industry average PE of 20 that gives us a $540M valuation.
$540M valuation going with current live exchange rates is just over £414M
So what do we have going with mid level estimates on net oil to ANGS an oil price of $75 and an industry average PE ratio of 20 this time. Here we go £414 / 404M ( shares in issue) = £1.02
With 1200bopd flowing at Brockham that’s a net 780bopd to ANGS and would be roughly half of our £1.02 so 51p will be on the cards. And then there is more wells to add over the upcoming years...!!! GLTAH