KEY 0.00% 0.1¢ key petroleum limited

Surandy, have you looked at the figures they presented later on...

  1. 214 Posts.
    Surandy, have you looked at the figures they presented later on in the presentation, with estimates for operating costs etc... and using those you don't get 1.875M as they specified, in actual fact you should get:

    Taking the figures from slide 9:
    Assuming $70/barrel
    Profit = Revenue from Lidsey + revenue from brockhman - opex = US$51.75/barrel

    Assuming tax rate of 30%
    Profit after tax = $36.225

    Assuming exchange rate of 0.85 for AUD/US
    Profit after tax = $42.6 /bbl

    Monthly Profit = $108,675
    Yearly Profit = $1.3M

    Assuming it lasts 5 year (without any work-overs) and a discount rate of 10%, we get:
    NPV of investment = $4.93M
    per share = 4cents/share

    So it's not as good as people are making it out to be, however, if the work-over is successful then its a completely different story...
 
watchlist Created with Sketch. Add KEY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.