RE: Calm before the storm.2 Jun 2020 12:58
My Take :
BOE/d Revenue pa (USD)
Current Production Crude 1,500 18,900,000
Coho 1 Gas 1,500 7,015,680
Cascadura NGL 1,500 8,038,800
Cascadura Gas 18.000 84,188,160
Total Revenue 22.500 118,142,640
Royalties USD:
Crude 5,594,400
Gas 11,400,480
NGL 1,004,850
Total Royalties 15,953,490
Net Revenue :
Net Revenue Crude 20,339,550
Net Revenue Gas 91,203,840
Expenses -26,000,000
Profit Before Tax 85,543,390
Taxes:
SPT 0
PPT (Petroleum Profits Tax) 42,021,695
Unemployment Levy @5% PBT 4,277,170
Impost 0.46c per BBO 3,701,250
Profit after Tax 50,000,115
EPS (p) 22.4
Valuation Range:
PE 8 - 179.16p
PE10 - 223.95p
Assumptions:
Crude @ 36/bbl
Gas @ 2.88 / MMBTU
NGL @ 3.33 / MMBTU
Working Days 350
Exchange Rate 1.22
Cut and paste and set up your assumptions in excel!