RE: PPC - Before PF/EV4 Aug 2018 23:08
Debt 24.3m inc provisions (not the net debt) so not accounting for any cash on hand being prudent.
Interest payments $2m per annum.
Louisiana = been a bit lazy on this one
250k free cash flow per month * 12 = $3m pa
Value on a 5 foward earning $15m
Pesto flores = 1800 per day net payback $36 * 360 days productio per annum = $23.3m
Value on a 5 forward earnings = $ 117m
Pesto guardian = 500 per day net payback $15 *360 = $2.7 m
Value on fwd earnings $13.5m
Current production assets valued at $145m
27m p2 @ $5 per barrel = $ 135m
Impact of interest $2m pa *10 = $20m
$280m minus the debt interest gets me to $260m usd converts back to £200m
1,150,000,000 potential ord shares
Gets me to 0.17 per share. So given the political risk and not sure how much of the 27m reserves sit in paraguay.