OTCPK:MAUXF - Post by User
Comment by
oullinson Apr 14, 2011 1:40am
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Post# 18428904
RE: A new look at financial
RE: A new look at financialPart 2 since it did not display the full spreadsheet on the post.
Part 1 was only Q1. This is Q2 and Q3 2011 with Q1 2012
| Date | Q2 2011 | Q3 2011 | Q1 2012 |
| | | | |
| Umusadege JV | UMU-1,5,6, 7 partial Q2 | UMU-1,5,6,7 ,8 partial Q3 | UMU-1,5,6, 7, 8 full production |
| BOPD | 10,000 | 13,000 | 18,000 |
| Field Production bbl | 750,000 | 975,000 | 1,350,000 |
| ENI repayment bbl | 170,000 | 0 | 0 |
| NetField Production bbl | 580,000 | 975,000 | 1,350,000 |
| Sales Price US$/bbl | $110 | $110 | $110 |
| JV Oil Revenue US$ | $63,800,000 | $107,250,000 | $148,500,000 |
| Royalty US$ | $9,570,000 | $16,087,500 | $26,730,000 |
| OPEX US$ | $5,742,000 | $9,652,500 | $13,365,000 |
| G&A US$ | $2,400,000 | $2,400,000 | $2,400,000 |
| Abandonment US$ | $60,000 | $60,000 | $60,000 |
| NDDC US$ | $170,000 | $170,000 | $170,000 |
| Total Expense US$ | $17,942,000 | $28,370,000 | $42,725,000 |
| Field Netback US$ | $45,858,000 | $78,880,000 | $105,775,000 |
| | | | |
| Mart Share of JV: | | | |
| Cost Oil Recovered | $9,000,000 | $9,000,000 | $9,000,000 |
| Profit Oil US$ | $22,929,000 | $39,440,000 | $52,887,500 |
| G&A US$ | $500,000 | $500,000 | $500,000 |
| Mart cashflow | $32,429,000 | $48,940,000 | $62,387,500 |
| | | | |
| Mart Cashflow anualized | $129,716,000 | $195,760,000 | $249,550,000 |
| | | | |
| | | | |
| Share price at 3X cashflow | $1.17 | $1.76 | $2.24 |
| Share price at 5X cashflow | $1.94 | $2.93 | $3.74 |