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ARPETROL LTD V.RPT

"ArPetrol Ltd is engaged in the exploration for and development and production of oil & natural gas, and also provides natural gas processing services for third parties in Argentina."


TSXV:RPT - Post by User

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Post by TheRock07on Jun 20, 2014 7:53am
184 Views
Post# 22678553

Faro Virgenes Gas Processing plant

Faro Virgenes Gas Processing plantdangy, perhaps you could scope out the current value of the FV gas processing plant which is 100 % owned by RPT and is the only one in the this region.

Here are the details...

....built by Tecna in 1994

....capacity is 85mmcf per day

....current life is 20 to 30 years

....YPF ( Repsol )  is the largest custtomer

.....current reserve life of suplying fields is 10 years

..capable of stripping out gas liquids

....operating margin is about 65 % of gross

I have googled Tecna for its 1994 projects but cannot find one that specifies cost of this plant.

On this board, by comparing gas processing plants built recently ( last decade ) in adjacent SA countries, we have come to the conclusion that replacement value should be in the range of $ 1  to $2 per mmcfd capacity.

I use $50 million, and the extant cash flow valuation would be about $35 million.

Have a great weekend.


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