OTCPK:GNOLF - Post by User
Comment by
peterap2001on Jan 27, 2015 8:10pm
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Post# 23370329
RE:RE:BREAKING NEWS!
RE:RE:BREAKING NEWS!jplane - they prepared similar metrics the last time oil prices cratered.
https://genoil.ca/main-projects/haiyitong-inc-hebei-zhongjie/feasibility-study-for-chinese-hyt-upgrading-project.html
I'm sure parts of it have changed some, but because china regulates prices, the margins are somewhat protected.
Detailed Economics of HYT Project
| TABLE 1 | HYT Prices at
28-Oct-08 | HYT Prices at
8-Dec-08 | World Market Prices
8-Dec-08 |
| |
US$ (Million)
| Per barrel | US$ (Million) | Per barrel | US$ (Million) | Per Barrel |
| Product Sales* | $530.9 | $82.22 | $519.7 | $80.47 | $303.6 | $51.19 |
| Feedstock | $303.5 | $51.18 | $275.7 | $42.69 | $219.4 | $33.49 |
| Gross Profit | $200.4 | $31.03 | $244.0 | $37.78 | $111.2 | $17.70 |
| |
| Operating Expenses | $10.3 | $1.60 | $10.3 | $1.60 | $10.3 | $1.60 |
| Depreciation | $16.8 | $2.60 | $16.8 | $2.60 | $16.8 | $2.60 |
Profit before Interest
& taxes | $173.3 | $26.83 | $216.9 | $33.59 | $84.1 | $13.02 |
| Income Tax (25%) | $43.3 | $6.71 | $54.2 | $8.40 | $21.0 | $3.44 |
Net profit before
interest | $130.0 | $20.12 | $162.7 | $25.19 | $63.1 | $9.77 |
Cash Profit
(before interest &
depreciation) | $146.8 | $22.73 | $179.5 | $27.79 | $79.9 | $12.37 |
| Project Returns | |
| IRR - After Debt
Repayment | 57% | | 68% | | 30% | |
IRR - Before Debt
Repayment | 63% | | 74% | | 37% | |
| |
| Bank Debt | $70.0 | | $70.0 | | $70.0 | |
Interest Rate on
Bank Debt | 15% | | 15% | | 15% | |
| Term of Debt (Years) | 5 | | 5 | | 5 | |
| Annual Repayment | $20.9 | | $20.9 | | $20.9 | $3.24 |