OTCPK:MAUXF - Post by User
Comment by
watch22on Sep 05, 2012 6:09pm
521 Views
Post# 20321780
cash flow
cash flow Based on a reasonable 65% attribution in Q3, and the figures I quoted earlier, I would still see $44 million of cash flow - more than enough to meet
- capital spending (drilling) of perhaps $15 million
and
- dividends of $17 million
Oh HECK, here's a summary of what I'm using - punch all the holes you want in it! Then do your own work before you start suggesting MMT will not cover cash requirements.
| | | | | 2012 | 2012 | 2012 |
| | | | | Mar | Jun | Sep |
| | | | | actual | actual | estimate |
| Total Production (Field Level) | bopd | 9,138 | 10,532 | 13,000 |
| | | | | | | |
| Pipeline Losses | | | 8% | 18% | 10% |
| Pipeline Losses | | bopd | (731) | (1,896) | (1,300) |
| | | | | | | |
| Total Produced and Sold | bopd | 8,407 | 8,637 | 11,700 |
| | | | | | | |
| Mart's participation | | | 82.5% | 52.0% | 65.0% |
| Mart's Produced and Sold | bopd | 6,936 | 4,491 | 8,450 |
| | | | | | | |
| Potential Sales | | bbls | 631,176 | 408,681 | 768,950 |
| | | | | | | |
| MD&A figures | | | | | |
| Crude Price | | $/bbl | 115.74 | 105.04 | 110.00 |
| Net Back | | | $/bbl | 87.32 | 46.63 | 86.01 |
| | | | | | | |
| Production | | bbl | | | 768,950 |
| Sales - total bbl | | bbl | 631,202 | 408,638 | 768,950 |
| Underlift (Overlift) | | bbl | 373,552 | (10,310) | - 10,310 |
| | | | | | | |
| Financial Statement Details | | | | |
| Oil Sales, Gross | | $/bbl | 115.74 | 76.84 | 110.00 |
| Royalties, % | | | 15% | 7% | 11% |
| Royalties | | | $/bbl | (17.59) | (7.66) | (12.10) |
| Production Costs | | $/bbl | (10.98) | (22.62) | (12.00) |
| Net Back | | | $/bbl | 87.32 | 46.63 | 86.01 |
| Depreciation | | $/bbl | (14.51) | (12.04) | (12.00) |
| G&A | | | $/bbl | (5.92) | (8.92) | (6.00) |
| | | | | | | |
| Income Statement | | | | | |
| Oil Sales, Gross | | $mm | 73.1 | 31.4 | 84.6 |
| Royalties | | $mm | (11.1) | (3.1) | (9.3) |
| Oil Sales, Net | | $mm | 62.0 | 28.3 | 75.3 |
| Production Costs | | $mm | (6.9) | (9.2) | (9.2) |
| Depreciation | | $mm | (9.2) | (4.9) | (9.2) |
| G&A | | | $mm | (3.7) | (3.6) | (4.6) |
| Finance | | | $mm | (0.2) | (0.1) | - |
| Other Expense (positive is gain) | $mm | 4.6 | (0.0) | - |
| Net Income Before Tax and Equity Investment and Minorities | $mm | 46.5 | 10.4 | 52.2 |
| | | | | | | |
| Income Taxes | | | 18% | 57% | 45% |
| Total | | | $mm | (8.3) | (8.1) | (23.5) |
| Current | | | $mm | (5.0) | (2.6) | (17.6) |
| | | | | 40% | 68% | 25% |
| Deferred | | $mm | (3.4) | (5.4) | (5.9) |
| | | | | | | |
| Net Income | | $mm | 38.2 | 2.3 | 28.7 |
| EPS | | | $ |
.11 |
.01 |
.08 |
| | | | | | | |
| Cash Flow (adj for depreciation and deferred tax only) | $mm | 50.7 | 12.7 | 43.8 |
| CFPS | | | $ |
.15 |
.04 |
.13 |
| | | | | | | |
| Weighted Avg Diluted Shares | mm | 348.5 | 350.4 | 350.351 |
| Days in Quarter | | | 91 | 91 | 91 |
| | | | | | | |
| | | | | | | |
| Capital Spending | | $mm | (14.5) | (13.9) | |