undervalued?, page-4

Dis

it HAS been disclosed ......

NPV10 of 1P Reserves: Group 1P NPV10 increased by US$16
million in the six-months to June 30, 2014 to US$293 million. The
NPV10 of the Proved Developed component of the Group total net
Proved reserves amounted to US$153.4 million

this was @ 101.23/bbl , 4.25/mcf ......

if you use some of the 1/4ly numbers - you will get "opex of between 15-20/bbl .....

ave rev's per boe - circa 65 (@95 oil price) .......they have abt 35% hedging in place ....

i would suggest most of these are "fixed" costs - so "gross margin" falls from circa 45/boe to ...........

this very simple analysis DOESNT take into account "decline" ......so you need to model the thing in excel.....


dangerous game mate .....

good luck

rgds
Value_Hunter