2022 FCF22 Dec 2021 13:42
From presentation, say low end 200kboepd production, 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@$74 = $3.70m
Hedged gas daily cash = 66k @$26.63 = $1.76m
Unhedged gas daily cash = 34k@$226=$7.68m (say 300p per therm = $226 per boe)
Daily total cash = $16.19m
Operating expenses= $3.2m
Daily operating cash flow = $12.99m
Annual operating cashflow =$4,741.4m
Less capital spend $1,300m
Less Interest $260m
Less divis $200m
NET DEBT REDUCTION = $2,981.4 !!
We could be debt free at current oil and gas prices by end 2022 !!