Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Say low end 200kboepd production next 12 moths, 50% oil, 50% gas
50% of oil hedged @$61.00, 66% of gas hedged @$32
Hedged oil daily cash = 50k @$67= $3.35m
Unhedged oil daily cash = 50k@$95 = $4.75m
Hedged gas daily cash = 66k @$32 = $2.31m
Unhedged gas daily cash = 34k@$210=$7.14m (say average 300p per therm = $210 per boe)
Daily total cash = $17.55m
Operating expenses= $3.2m
Daily operating cash flow = $14.35m
Annual operating cashflow =$5,237m
Less capital spend $1,200m
Less Interest $100m
Less divis $200m
Less buybacks $200m
FCF AND NET DEBT REDUCTION in 2022 = $3,537m !!
We should be debt free by November 2022 !!
WT not due till 2023. We will be saving on loan interest in 2023, so that should mitigate effects of WT
The very damaging hedges will start unwinding from 2023, meaning significantly more FCF 2024 onwards
ATB
DYOR
middle east
yes average $10m per day FCF over a year. But I assumed average gas price of $300 per therm over 12 months, so at the moment we are well in excess of $10m a day, nearer $15m a day !!
Say low end 200kboepd production next 12 moths, 50% oil, 50% gas
50% of oil hedged @$61.00, 66% of gas hedged @$32
Hedged oil daily cash = 50k @$67= $3.35m
Unhedged oil daily cash = 50k@$95 = $4.75m
Hedged gas daily cash = 66k @$32 = $2.31m
Unhedged gas daily cash = 34k@$210=$7.14m (say average 300p per therm = $210 per boe)
Daily total cash = $17.55m
Operating expenses= $3.2m
Daily operating cash flow = $14.35m
Annual operating cashflow =$5,237m
Less capital spend $1,200m
Less Interest $100m
Less divis $200m
Less buybacks $200m
FCF AND NET DEBT REDUCTION in 2022 = $3,537m !!
We should be debt free by Christmas 2022 !!
WT not due till 2023. We will be saving on loan interest in 2023, so that should mitigate effects of WT
The very damaging hedges will start unwinding from 2023, meaning significantly more FCF 2024 onwards
ATB
DYOR
Say low end 200kboepd production next 12 moths, 50% oil, 50% gas
50% of oil hedged @$61.00, 66% of gas hedged @$32
Hedged oil daily cash = 50k @$67= $3.35m
Unhedged oil daily cash = 50k@$95 = $4.75m
Hedged gas daily cash = 66k @$32 = $2.31m
Unhedged gas daily cash = 34k@$210=$7.14m (say average 300p per therm = $210 per boe)
Daily total cash = $17.55m
Operating expenses= $3.2m
Daily operating cash flow = $14.35m
Annual operating cashflow =$5,237m
Less capital spend $1,300m
Less Interest $100m
Less divis $200m
Less buybacks $200m
FCF AND NET DEBT REDUCTION in 2022 = $3,437m !!
We should be debt free by Christmas 2022 !!
WT not due till 2023. We will be saving on loan interest in 2023, so that should mitigate effects of WT
The very damaging hedges will start unwinding from 2023, meaning significantly more FCF 2024 onwards
ATB
DYOR
Still vastly undevalued - 600p is 30p in old money, and that was achieved when oil and gas prices were low, debt was much higher, Tolmount not up and with no Timpan discovery
Doesn't make sense at all
Fantastic results as they are, these are all before the huge recent sustained gas price hike
What H2 results will look like makes me weak
This is a multibagger over a 12 month period from here imo
GL All
Soder
Why would you want to be invested in any other company - cashflow and future prospects are jaw dropping here -but valuation still rock bottom !! Only a matter of time before the market fully understands the investment quality of this company
LB
Say low end 200kboepd production in 2022, 50% oil, 50% gas
50% of oil hedged @$61.00, 66% of gas hedged @$26.63
Hedged oil daily cash = 50k @$61= $3.05m
Unhedged oil daily cash = 50k@$95 = $4.75m
Hedged gas daily cash = 66k @$26.63 = $1.76m
Unhedged gas daily cash = 34k@$210=$7.14m (say average 300p per therm = $210 per boe)
Daily total cash = $16.7m
Operating expenses= $3.2m
Daily operating cash flow = $13.5m
Annual operating cashflow =$4,927m
Less capital spend $1,300m
Less Interest $100m
Less divis $200m
Less buybacks $200m
FCF AND NET DEBT REDUCTION in 2022 = $3,127m !!
We should be debt free by Christmas 2022 !!
WT not due till 2023. We will be saving on loan interest in 2023, so that should mitigate effects of WT
The very damaging hedges will start unwinding from 2023, meaning significantly more FCF 2024 onwards
ATB
DYOR
...I WOULD PICK THIS ONE:
We have additional Tolmount gas production this year, assuming 20boepd
Current gas price = £4.55 per therm = 4.55* 58 * 1.2 = $316 per boe
ADDITIONAL annual income = 365 * 20,000 * 316 = $2.3 billion !!
That's more than half our current measly valuation !!!
I see £6 here very very soon
DYOR
From year end report, say low end 200kboepd production in 2022, 50% oil, 50% gas
50% of oil hedged @$61.00, 66% of gas hedged @$26.63
Hedged oil daily cash = 50k @$61= $3.05m
Unhedged oil daily cash = 50k@$110 = $5.50m
Hedged gas daily cash = 66k @$26.63 = $1.76m
Unhedged gas daily cash = 34k@$132=$4.76m (say 200p per therm = $140 per boe)
Daily total cash = $15.07m
Operating expenses= $3.2m
Daily operating cash flow = $11.87m
Annual operating cashflow =$4,333m
Less capital spend $1,300m
Less Interest $100m
Less divis $200m
Less buybacks $200m
FCF AND NET DEBT REDUCTION in 2022 = $2,532m !!
We should be debt free by Christmas 2022 !!
WT not due till 2023. We will be saving on loan interest in 2023, so that should mitigate effects of WT
The very damaging hedges will start unwinding from 2023, meaning significantly more FCF 2024 onwards
ATB
DYOR