RE: Valuation23 Nov 2017 08:02
My first DCF workings deliver a Profit after tax to Serica of �70m in 2018, �64m in 2019, �66m in 2020 and �71m in 2021 - with Columbus and Rowallan to come online.n
That's based on anticipated production profiles with depletion factors, 8 week shutdowns on each field, stable OP @ $57 etc. And accounting for BP's earn-out and considerations.
Currently missing the 30% consideration for decommissioning costs but that's being looked at today.
Nevertheless I have an NPV around the �500m mark using a discount factor of 10%.