January revenue and cashflow calculationI was curious to know how much money MMT made In January so I made the calculation.
Basic planning assumptions:
Production
UMU1 2,000
UMU5 2,000
UMU6 2,,700
Production days in January (low disruption)
26
Average price for Bonny oil
$98
Prorated cost recovery per Month:
$3,000,000 (1 well every 4 months at $9M plus infrastructure upgrades)
All taxes and royalties per sliding scales
SG&A per last presentation
Cashflow is before corporate taxes.
| End Date | 1/31/2011 |
| |
| Umusadege JV | UMU-1 & UMU-5 |
| Full Field | Plus UMU-6 |
| BOPD | 6700 |
| Sales Price US$/bbl | $98 |
| Oil Revenue US$mm | $17,071,600 |
| Royalty US$mm | $1,570,587 |
| OPEX US$mm | $1,109,654 |
| G&A US$mm | $360,000 |
| Abandonment US$mm | $60,000 |
| NDDC US$mm | $170,000 |
| Total Production Expense US$MM | $3,270,241 |
| Netback US$millions | $13,801,359 |
| |
| Mart Share: | |
| Cost Oil Recovered | $3,000,000 |
| Profit Oil US$mm | $6,900,679 |
| G&A US$mm | $140,000 |
| Mart cashflow For January | $10,040,679 |
| |
| Mart Cashflow per year | $120,488,153 |
| |
| Share price at 3X cashflow | $1.08 |
| Share price at 5X cashflow | $1.80 |
Any comments or corrections to my calculations are most welcome.