Beavis or Butthead; Chapter 1; Don Fax
Prolog:
The Panoro management is world-class. They do not play hazard with the shareholders' money.
Panoro knows what they're doing; It's big time buisness for the shareholders' money.
The management in DNO are equally, very competent people, but the Norwegian shelf through the acquisition of Faroe was more important than Tunisia.
DNO drilled 1 well [Jaw-3] on Sfax; only oil shows. Main target was 30Mbbl.
Scene 1
Fax was acquired on very favorable terms. He was in no way! bought as the cat in the bag.
He was bought as the perfect and extremely well proportioned cat he is.
Before the deal, Fax was examined for flaws and the health was, as expected, perfect.
Fax has many fat stores around the body to be sucked out.
After the acquisition, Mr. Hamilton investigated Fax's family history. Finally, he has now found the reason why Fax is so well proportioned, beautiful and perfect.
Fax has noble origins and must therefore be addressed as Don Fax.
Mr. Hamilton looks admirably at beautiful Don Fax, sitting comfortably and lickingly in the mouth. Mr. Hamilton is on his daily visit and brought today's menus.
Fresh sea trout and Beluga caviar consisted of the first meal of the day.
Don Fax wraps up on its mountain of lush hand-woven pillows.
Mr. Hamilton knows exactly how to treat Don Fax, gentle, respectful and, not least, quickly and efficiently sucking out all the fat deposits.
Don Fax scratches, well-being, merrily on his well-stocked stomach and takes another afternoon nap. Don Fax must be ready for dinner.
Mr Hamilton turns his calculator on, he has all the round numbers in his head.
------------------------
Cashflow:
Today: (~$20M)
------------------------
Tun[no.1] : TPS (Margin $23) (oil $65) : (1200bbl/d)*365d*$23 =~ $10M
GAB[no.1] : Tortue (Margin $22) (oil $59) : (1000bbl/d)*365d*$22 =~ $8M
AJE[no.1] : (Margin unknown, say $15) : 400bbl/d*365d*$15 =~$2M
------------------------
Cashflow:
Extra production (near time/Q1-2020) : (~$22M)
------------------------
Tun[near time] TPS : 200bbl/d + Salloum fase-1 : 1000bbl/d = 200bbl/d + 1000bbl/d = 1200bbl/d =~$10M
GAB[Q1-2020] : Tortue fase-2 : (Margin $32) (oil $59) : (1000bbl/d)*365d*$32 =~ $12M
-------------------
Tot:~$42m
-------------------
Hmmm! here is something completely wrong; The last time he made the calculations, it was much! larger cash flow.
“Don Fax;” zzz-z--zzzz-z---z-zz---- “sorry to wake you up but i need our fiscal papers under your pillow”
*********************************************************************************
************************* Tunisia Fiscal Regime ==> SFAX ==> TPS ********************
----------------
side 31:
http://www.panoroenergy.com/wp-content/uploads/2018/06/Panoro-Energy-Corporate-Presentation-June-2018.pdf
----------------
**** Now let's try again, now we follow the rules:
JV: PEN&Beender[PB] (%interest[60-40])
-------------------------------------
* TPS [net bbl PB] production
* Royalties [12%]
* Cost-oil: 55%
* Profit-oil: 42.5%
* Margin $23 (oil $65)
------------------------
Cashflow:
Today: (~$25M)
------------------------
[TPS net PB] Today:
2000bbl/d*365d=730kbbl
After royalties : 730kbbl*0.88=642400bbl
Cost-oil: (net PB) : 642400bbl*0.55=353320bbl
Profit-oil (net PB) : (642400bbl-costoil)*0.425=122859bbl
Cost-oil: 353320bbl*$53($65-$12(opex))=~$19M
Profit-oil: 122859bbl*$23(Margin) =~$3M
[Tun no.2] : TPS[net PEN] = $22M*0.6=~$13M
---------------------------
[P30] = [30%-Rule] :
---------------------------
If you compare [Tun no.1] and [Tun no.2] you see that the correct cash flow [Tun no.2] is approximately. 30% better than [Tun no.1];
This [P30] is very useful for quick calculation.
[Dussafu net PEN] Today:
Haven't seen the Fiscall Regime from Gabon, but seen Cost-oil sounding crazy 65-75%.
If you just calculate Gabon after the Fiscal Regime Tunisia, we are sure we hit a minimum
free cashflow from Gabon.
GAB[no.2] : = GAB[no.1] +[P30] =~$10M (nice rule)
[AJE net PEN] Today: AJE = AJE[no.1] = ~$2M (No P30)
------------------------
Cashflow:
Extra production (near time/Q1-2020) : (~$30M)
------------------------
Sfax:
Salloum : 2000 bbl/d*365d=730kbbl
[PB] %interest[87.5] = 638750bbl
After royalties : 638750bbl*0.88=562100bbl
Cost-oil: 562100bbl*0.55=309155bbl
Profit-oil: (562100bbl-costoil)*0.425=107502bbl
Cashflow (Sfax net PB):
Cost-oil: 309155bbl*$53 =~$16.5M
Profit-oil: 107502bbl*$23 =~$2.5M
total: =~$19M
TPS[net PB] = (400bbl/d*365*$23) + [P30] =~$4.5M
PEN net cashflow = ($19M+$4.5M)*0.6=~$14M
Gabon
Tortue fase-2 [net PEN]
1000bbl/d = GAB[Q1-2020] +[P30] =~$16M
------------------------------------------------------------
-------------------summa sumarum--------------------
Cashflow Today : ~$25M
Markedscap[kurs 18[$/Nok = 8.5]]/Cashflow = 5.3
Cashflow Today + Near time/Q1-2020 : ~$55M
Markedscap/Cashflow = 2.4
Cashflow Today (Extended) + Near time/Q1-2020: ~$61M
(Opex er nu $15/bbl for Pen Dussafu produktion på 2000bbl/d)
Markedscap/Cashflow = 2.2
-----------------------------------------------------------
-----------------------------------------------------------
Near time triggers:
OML113************
- Operationell updates
-Loan based fase-2
- Fast tract AJE-5 extended, AJE-6
- Q/A
- new JV? (BWO, DNO, PEN) +?
(BWO => new big FPSO & knowhow, DNO => Money & knowhow, PEN => Catalyst)
- The sale of AJE (No free handover, forget it!)
- Reserves update
Tunesia ************
- Operationell updates
- PSC Sfax
- Prospects – Leads
-Salloum details
-Spuds
Gabon ************
-Operationell updates
- Prospects – Leads
- Flow
- Tortue fase-2 details
- Spuds
Mr. Hamilton Smiles widely, he feels confident in the success of the time to come. However, he is amazed at the low market cap, hmmmm!
He sits beside Don Fax, who lies in his lap with love and respect. Don Fax spins loudly like a tiger and mr. Hamilton says
We'll show them, those buttheads!
The Panoro management is world-class. They do not play hazard with the shareholders' money.
Panoro knows what they're doing; It's big time buisness for the shareholders' money.
The management in DNO are equally, very competent people, but the Norwegian shelf through the acquisition of Faroe was more important than Tunisia.
DNO drilled 1 well [Jaw-3] on Sfax; only oil shows. Main target was 30Mbbl.
Scene 1
Fax was acquired on very favorable terms. He was in no way! bought as the cat in the bag.
He was bought as the perfect and extremely well proportioned cat he is.
Before the deal, Fax was examined for flaws and the health was, as expected, perfect.
Fax has many fat stores around the body to be sucked out.
After the acquisition, Mr. Hamilton investigated Fax's family history. Finally, he has now found the reason why Fax is so well proportioned, beautiful and perfect.
Fax has noble origins and must therefore be addressed as Don Fax.
Mr. Hamilton looks admirably at beautiful Don Fax, sitting comfortably and lickingly in the mouth. Mr. Hamilton is on his daily visit and brought today's menus.
Fresh sea trout and Beluga caviar consisted of the first meal of the day.
Don Fax wraps up on its mountain of lush hand-woven pillows.
Mr. Hamilton knows exactly how to treat Don Fax, gentle, respectful and, not least, quickly and efficiently sucking out all the fat deposits.
Don Fax scratches, well-being, merrily on his well-stocked stomach and takes another afternoon nap. Don Fax must be ready for dinner.
Mr Hamilton turns his calculator on, he has all the round numbers in his head.
------------------------
Cashflow:
Today: (~$20M)
------------------------
Tun[no.1] : TPS (Margin $23) (oil $65) : (1200bbl/d)*365d*$23 =~ $10M
GAB[no.1] : Tortue (Margin $22) (oil $59) : (1000bbl/d)*365d*$22 =~ $8M
AJE[no.1] : (Margin unknown, say $15) : 400bbl/d*365d*$15 =~$2M
------------------------
Cashflow:
Extra production (near time/Q1-2020) : (~$22M)
------------------------
Tun[near time] TPS : 200bbl/d + Salloum fase-1 : 1000bbl/d = 200bbl/d + 1000bbl/d = 1200bbl/d =~$10M
GAB[Q1-2020] : Tortue fase-2 : (Margin $32) (oil $59) : (1000bbl/d)*365d*$32 =~ $12M
-------------------
Tot:~$42m
-------------------
Hmmm! here is something completely wrong; The last time he made the calculations, it was much! larger cash flow.
“Don Fax;” zzz-z--zzzz-z---z-zz---- “sorry to wake you up but i need our fiscal papers under your pillow”
*********************************************************************************
************************* Tunisia Fiscal Regime ==> SFAX ==> TPS ********************
----------------
side 31:
http://www.panoroenergy.com/wp-content/uploads/2018/06/Panoro-Energy-Corporate-Presentation-June-2018.pdf
----------------
**** Now let's try again, now we follow the rules:
JV: PEN&Beender[PB] (%interest[60-40])
-------------------------------------
* TPS [net bbl PB] production
* Royalties [12%]
* Cost-oil: 55%
* Profit-oil: 42.5%
* Margin $23 (oil $65)
------------------------
Cashflow:
Today: (~$25M)
------------------------
[TPS net PB] Today:
2000bbl/d*365d=730kbbl
After royalties : 730kbbl*0.88=642400bbl
Cost-oil: (net PB) : 642400bbl*0.55=353320bbl
Profit-oil (net PB) : (642400bbl-costoil)*0.425=122859bbl
Cost-oil: 353320bbl*$53($65-$12(opex))=~$19M
Profit-oil: 122859bbl*$23(Margin) =~$3M
[Tun no.2] : TPS[net PEN] = $22M*0.6=~$13M
---------------------------
[P30] = [30%-Rule] :
---------------------------
If you compare [Tun no.1] and [Tun no.2] you see that the correct cash flow [Tun no.2] is approximately. 30% better than [Tun no.1];
This [P30] is very useful for quick calculation.
[Dussafu net PEN] Today:
Haven't seen the Fiscall Regime from Gabon, but seen Cost-oil sounding crazy 65-75%.
If you just calculate Gabon after the Fiscal Regime Tunisia, we are sure we hit a minimum
free cashflow from Gabon.
GAB[no.2] : = GAB[no.1] +[P30] =~$10M (nice rule)
[AJE net PEN] Today: AJE = AJE[no.1] = ~$2M (No P30)
------------------------
Cashflow:
Extra production (near time/Q1-2020) : (~$30M)
------------------------
Sfax:
Salloum : 2000 bbl/d*365d=730kbbl
[PB] %interest[87.5] = 638750bbl
After royalties : 638750bbl*0.88=562100bbl
Cost-oil: 562100bbl*0.55=309155bbl
Profit-oil: (562100bbl-costoil)*0.425=107502bbl
Cashflow (Sfax net PB):
Cost-oil: 309155bbl*$53 =~$16.5M
Profit-oil: 107502bbl*$23 =~$2.5M
total: =~$19M
TPS[net PB] = (400bbl/d*365*$23) + [P30] =~$4.5M
PEN net cashflow = ($19M+$4.5M)*0.6=~$14M
Gabon
Tortue fase-2 [net PEN]
1000bbl/d = GAB[Q1-2020] +[P30] =~$16M
------------------------------------------------------------
-------------------summa sumarum--------------------
Cashflow Today : ~$25M
Markedscap[kurs 18[$/Nok = 8.5]]/Cashflow = 5.3
Cashflow Today + Near time/Q1-2020 : ~$55M
Markedscap/Cashflow = 2.4
Cashflow Today (Extended) + Near time/Q1-2020: ~$61M
(Opex er nu $15/bbl for Pen Dussafu produktion på 2000bbl/d)
Markedscap/Cashflow = 2.2
-----------------------------------------------------------
-----------------------------------------------------------
Near time triggers:
OML113************
- Operationell updates
-Loan based fase-2
- Fast tract AJE-5 extended, AJE-6
- Q/A
- new JV? (BWO, DNO, PEN) +?
(BWO => new big FPSO & knowhow, DNO => Money & knowhow, PEN => Catalyst)
- The sale of AJE (No free handover, forget it!)
- Reserves update
Tunesia ************
- Operationell updates
- PSC Sfax
- Prospects – Leads
-Salloum details
-Spuds
Gabon ************
-Operationell updates
- Prospects – Leads
- Flow
- Tortue fase-2 details
- Spuds
Mr. Hamilton Smiles widely, he feels confident in the success of the time to come. However, he is amazed at the low market cap, hmmmm!
He sits beside Don Fax, who lies in his lap with love and respect. Don Fax spins loudly like a tiger and mr. Hamilton says
We'll show them, those buttheads!
Redigert 22.02.2019 kl 15:32
Du må logge inn for å svare
Jeg har redigeret i nogle udregninger.
Der var både godt og dårligt økonomisk nyt fra Q4 BWO, som vedrører PEN.
- - - Dussafu OPEX er $25/bbl (inklusive FPSO og PSC obligations(vel Licens fee))
+++BWO siger at OPEX bliver $15/bbl efter Fase-2
+++ 2P Reserver op 50%
+++ Espadon
+++ Hibiscus
Logisk nok med extra OPEX, men jeg har ikke regnet med dem tidligere.
Der er nu lavet beregninger med flg.
(Today) Dussafu $59/bbl(opex=$25;tax=$12;Margin=$22)
(Q1-2020) Dussafu $59/bbl(opex=$15;tax=$12;Margin=$32)
Der er lavet udregninger efter $59/bbl, da det er det eneste jeg kan se oplyst fra BWO/PEN.
Da olieprisen pt. > $65, burde margin være(Today >=$25/bbl) og (Q1-2020 >= $35/bbl)
TPS/Sfax Kontra Dussafu:
Salloum cashflow PEN =~$11.5M
Tortue Fase-2 cashflow PEN =~$16M
TPS har været i produktion siden 1981 (Guebiba)
Der er INTET initial I TPS. PEN har købt sig ind i en velkørende pengemaskine.
Jeg ved at Prospective Resourcer for Dussafu er overvældende store, og der er mange prospekts og leads, Super duper!
Sidst der blev boret på Sfax var det eftet 30Mbbl.
****
Current exploration inventory P50 volumes of 250 mmbbls unrisked recoverable (estimated by previousoperator)
****
Prospective Resources for Sfax er altså også meget store. Her er der ikke tale om 16km pipeline til en FPSO, der er slet ingen FPSO. Wells kobles direkte til eksisterende infrastruktur via relativt lille capex. Herefter løber olien direkte til La Skhira Terminalen. Vi snakker Salloum og senere evt.Hbara. Vi snakker OPEX $12/bbl. Der skal IKKE invisteres i ombyggede Jack-up rigger, FPSO, lange pipelines, eller andet CAPEX/OPEX dyre installationer, men blot et par rør og nogle samlemuffer så løber olien videre I infrastrukturen.
Måske skal Berge Helene til OML113, blot en voksende tanke.
Der var både godt og dårligt økonomisk nyt fra Q4 BWO, som vedrører PEN.
- - - Dussafu OPEX er $25/bbl (inklusive FPSO og PSC obligations(vel Licens fee))
+++BWO siger at OPEX bliver $15/bbl efter Fase-2
+++ 2P Reserver op 50%
+++ Espadon
+++ Hibiscus
Logisk nok med extra OPEX, men jeg har ikke regnet med dem tidligere.
Der er nu lavet beregninger med flg.
(Today) Dussafu $59/bbl(opex=$25;tax=$12;Margin=$22)
(Q1-2020) Dussafu $59/bbl(opex=$15;tax=$12;Margin=$32)
Der er lavet udregninger efter $59/bbl, da det er det eneste jeg kan se oplyst fra BWO/PEN.
Da olieprisen pt. > $65, burde margin være(Today >=$25/bbl) og (Q1-2020 >= $35/bbl)
TPS/Sfax Kontra Dussafu:
Salloum cashflow PEN =~$11.5M
Tortue Fase-2 cashflow PEN =~$16M
TPS har været i produktion siden 1981 (Guebiba)
Der er INTET initial I TPS. PEN har købt sig ind i en velkørende pengemaskine.
Jeg ved at Prospective Resourcer for Dussafu er overvældende store, og der er mange prospekts og leads, Super duper!
Sidst der blev boret på Sfax var det eftet 30Mbbl.
****
Current exploration inventory P50 volumes of 250 mmbbls unrisked recoverable (estimated by previousoperator)
****
Prospective Resources for Sfax er altså også meget store. Her er der ikke tale om 16km pipeline til en FPSO, der er slet ingen FPSO. Wells kobles direkte til eksisterende infrastruktur via relativt lille capex. Herefter løber olien direkte til La Skhira Terminalen. Vi snakker Salloum og senere evt.Hbara. Vi snakker OPEX $12/bbl. Der skal IKKE invisteres i ombyggede Jack-up rigger, FPSO, lange pipelines, eller andet CAPEX/OPEX dyre installationer, men blot et par rør og nogle samlemuffer så løber olien videre I infrastrukturen.
Måske skal Berge Helene til OML113, blot en voksende tanke.
Redigert 21.02.2019 kl 22:18
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Idar1
21.02.2019 kl 21:08
2102
Takk for oversikten.
Går det rykter om at Berge Helene skal brukes på OML113?
Går det rykter om at Berge Helene skal brukes på OML113?
Tja, det er nu nok bare mig der er igang med at sprede rygtet.
Den ville vel være stor nok til AJE.
In the spirit of BWO***
Discovered oil deposits of < 200 million bbls can be bought at
fairly reasonable prices (USD 3/ bbls)
***
BWO sagde til presentatation at der var at vise sig noget spændende med Berge Helene
Tankespin fra min side, men med et stort håb
Den ville vel være stor nok til AJE.
In the spirit of BWO***
Discovered oil deposits of < 200 million bbls can be bought at
fairly reasonable prices (USD 3/ bbls)
***
BWO sagde til presentatation at der var at vise sig noget spændende med Berge Helene
Tankespin fra min side, men med et stort håb
gunnarius
21.02.2019 kl 22:28
1952
Ble opplyst av BWO på Q4 og står i presentajsonen: Berge Helene "tendering" og "refurbishment scope definition ongoing". Denne FPSO er ledig i markedet. Ut med Front Puffin og inn med Berge Helene. Ja, ingen umulighet. Men kun en mulighet av flere reelle. Uansett har Aje JV tatt på seg tenkehatten for å velge en FPSO eller hvorden det hele skal løses.
Også når det gjelder gassbiten og export. Skal BW Group inn på banen her ifm. gassbiten?
Se link hvilke andre selskap enn BWO somm inngår i BW Group:
http://www.bw-group.com/our-business
Tror vi foreløpig kun skal nevne Berge Helene som en mulig FPSO på Aje - og kanskje Ogo? Sistnevnte kun nevnt en eneste gang på Twitter som ble oppfanget fra min side ifm. sambruk av Front Puffin. Lekoil hadde visst forespurt Aje JV. Men her gjelder at eks Afrens eierandel formelt må godkjennes av myndighetene. Dette er en sak for rettsapparatet, hvor avklaring er meldt å foreligge 27. mars 2019, mener jeg det var.
Her spinner vi rundt problemstilling vedr. Front Puffin, som jeg tror ikke nødvendigvis vil bli fornyet/forlenget med Aje JV. En såkalt bob-bob situasjon, hvor Aje JV holder på med innspurten. Er det en annen FPSO Aje JV har i kikkerten og hva da med Berge Helene. Hun er ledig i markedet og tendering inkl. refurbishment scope er underveis. Klart det kan være en annen kunde enn Aje JV, men .....
Og for BW Group, så kjøper denne gruppen ut EER, MXO og PEN for å få en stor nok eierandel i Aje og gassdelen ved å bruke egne båter? Sistnevnte, bare et teoretisk innspill.
Også når det gjelder gassbiten og export. Skal BW Group inn på banen her ifm. gassbiten?
Se link hvilke andre selskap enn BWO somm inngår i BW Group:
http://www.bw-group.com/our-business
Tror vi foreløpig kun skal nevne Berge Helene som en mulig FPSO på Aje - og kanskje Ogo? Sistnevnte kun nevnt en eneste gang på Twitter som ble oppfanget fra min side ifm. sambruk av Front Puffin. Lekoil hadde visst forespurt Aje JV. Men her gjelder at eks Afrens eierandel formelt må godkjennes av myndighetene. Dette er en sak for rettsapparatet, hvor avklaring er meldt å foreligge 27. mars 2019, mener jeg det var.
Her spinner vi rundt problemstilling vedr. Front Puffin, som jeg tror ikke nødvendigvis vil bli fornyet/forlenget med Aje JV. En såkalt bob-bob situasjon, hvor Aje JV holder på med innspurten. Er det en annen FPSO Aje JV har i kikkerten og hva da med Berge Helene. Hun er ledig i markedet og tendering inkl. refurbishment scope er underveis. Klart det kan være en annen kunde enn Aje JV, men .....
Og for BW Group, så kjøper denne gruppen ut EER, MXO og PEN for å få en stor nok eierandel i Aje og gassdelen ved å bruke egne båter? Sistnevnte, bare et teoretisk innspill.
Redigert 21.02.2019 kl 22:30
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TPS/Sfax kontra Dussafu
Tortue Fase-2
Development capex budget USD 275 million
Min forventede % Interest:
Working - paying
BWO 48.33 - 53.70
BWO energy 24.17 - 26.86
Tullow 10 - 11.11
Gabon oil 10 - 0.00
Panoro 7.5 -8.33
Tortue Fase-2:
PEN Capex: $23M
Salloum fase-1
PEN Capex $6-7 million
Det der er min pointe med TPS/Sfax kontra Dussau er %interest: og etableret infrastruktur.
Det sparker røv med PEN's Sfax %interest på 52.5.
Infrastrukturen er på plads, PEN kommer til dækket bord
i Dussadu køber PEN et cashflow på $16M/år for $23M
I Sfax køber PEN et cashflow på $11.5M/år for $6.5M
Salloum:
Survey shows that the Salloum structure is a three-way closure bounded by a major NW-SE fault, with an onshore extension
Potential for two deviated production wells drilled from onshore and tied back to Rhemoura field via 8km pipeline
Dvs. Hvis Surveys har ret stiger Salloum reserverne og med 2 produktions brønde bliver flow let 3kbbl/d-4kbbl/d.
Hbara er et andet super prospect. Det ligger også lige op af infrastrukturen og hvis der er kommerciel olie på Hbara kan det kan kobles på
infrastrukturen på samme vis som Salloum og med samme Capex.
PEN er operatør, Herre i eget hus! og kan på Sfax købe sig til et cashflow på ca. $40M/år for $23M, hvis olien er der.
Godnat
Tortue Fase-2
Development capex budget USD 275 million
Min forventede % Interest:
Working - paying
BWO 48.33 - 53.70
BWO energy 24.17 - 26.86
Tullow 10 - 11.11
Gabon oil 10 - 0.00
Panoro 7.5 -8.33
Tortue Fase-2:
PEN Capex: $23M
Salloum fase-1
PEN Capex $6-7 million
Det der er min pointe med TPS/Sfax kontra Dussau er %interest: og etableret infrastruktur.
Det sparker røv med PEN's Sfax %interest på 52.5.
Infrastrukturen er på plads, PEN kommer til dækket bord
i Dussadu køber PEN et cashflow på $16M/år for $23M
I Sfax køber PEN et cashflow på $11.5M/år for $6.5M
Salloum:
Survey shows that the Salloum structure is a three-way closure bounded by a major NW-SE fault, with an onshore extension
Potential for two deviated production wells drilled from onshore and tied back to Rhemoura field via 8km pipeline
Dvs. Hvis Surveys har ret stiger Salloum reserverne og med 2 produktions brønde bliver flow let 3kbbl/d-4kbbl/d.
Hbara er et andet super prospect. Det ligger også lige op af infrastrukturen og hvis der er kommerciel olie på Hbara kan det kan kobles på
infrastrukturen på samme vis som Salloum og med samme Capex.
PEN er operatør, Herre i eget hus! og kan på Sfax købe sig til et cashflow på ca. $40M/år for $23M, hvis olien er der.
Godnat
Redigert 21.02.2019 kl 23:59
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Gun
BW Group må gerne købe. $60M for reserver på 20Mbbl kunne være deres pris. Er jo ummidelbar en dårlig butik, med tanke på historisk Capex. Men med alle de gode investeringer der er mulige pt. For Pen tror jeg det ville være god butik.
BW Group må gerne købe. $60M for reserver på 20Mbbl kunne være deres pris. Er jo ummidelbar en dårlig butik, med tanke på historisk Capex. Men med alle de gode investeringer der er mulige pt. For Pen tror jeg det ville være god butik.
Jeg har igen igen lavet redigering af udregninger.
Det er gjort I summa sumarum. Cashflow Today (Extended)
Heri er der nu taget højde for en opex på $15/bbl fra hele Pen’s netto produktion på ~2000bbl/d fra Dusafu fra Q1-2020, før var det kun fra det halve produktion (giver PEN ~$6M extra I cashflow).
Det er gjort I summa sumarum. Cashflow Today (Extended)
Heri er der nu taget højde for en opex på $15/bbl fra hele Pen’s netto produktion på ~2000bbl/d fra Dusafu fra Q1-2020, før var det kun fra det halve produktion (giver PEN ~$6M extra I cashflow).