OTCPK:MAUXF - Post by User
Post by
oullinson Aug 25, 2011 6:52pm
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Post# 18980435
Q2 results forecast
Q2 results forecastI updated the forecast to reflect 2 things:
The production number for April was not what I had before. I used the "present production" number in the May 4th PR and not the average. Per the AGM presentation the average was 7900 BOPD.
I increased the SG&A expense level to reflect personel changes and increased legal fees I anticipate.
So here it is:
Warning this is just a guess. Educated guess but still just a guess.
| Field Data | April | May | June | Q2 2011 |
| Field BOPD | 7,900 | 10,525 | 8,200 | |
| Down time | 1 day | 3 days | 1 day | |
| Lifted barrels | 229,100 | 294,700 | 246,000 | 769,800 |
| Bonny Oil Price | 125 | 115 | 115 | |
| | | | |
| | | | |
| JV Revenue US $ | 28,637,500 | 33,890,500 | 28,290,000 | 90,818,000 |
| Royalties, ARO, NDDC | $3,150,125 | $3,727,955 | $3,111,900 | 9,989,980 |
| Transportation | $916,400 | $1,084,496 | $905,280 | 2,906,176 |
| OPEX | $644,344 | $762,536 | $636,525 | 2,043,405 |
| Field G&A | $1,100,000 | $1,100,000 | $1,100,000 | 3,300,000 |
| Total expenses | $5,810,869 | $6,674,987 | $5,753,705 | 18,239,561 |
| | | | |
| Income taxes | $9,937,213 | $11,760,004 | $9,816,630 | $31,513,846 |
| | | | |
| Net proceed | $12,889,418.75 | $15,455,509.25 | $12,719,665.00 | $41,064,593.00 |
| | | | |
| Cost oil | $3,900,000.00 | $3,900,000.00 | $3,900,000.00 | $11,700,000.00 |
| Profit oil | $8,989,418.75 | $11,555,509.25 | $8,819,665.00 | $29,364,593.00 |
| Mart share | | | | |
| Mart's After tax Operating cash | $8,794,709 | $10,077,755 | $8,709,833 | $27,582,297 |
| G&A | $1,100,000 | $1,100,000 | $1,100,000 | $3,300,000 |
| Mart's Op. cash after Tax & G&A | $7,694,709 | $8,977,755 | $7,609,833 | $24,282,297 |
| Per share |
.02 |
.03 |
.02 |
.07 |
We will see early next week how close I got.
Now, with numbers like that we do not get a boost!!!!!
Happy buying on Friday and or Monday