GREY:CAZFF - Post by User
Comment by
sailpgdon Aug 21, 2014 2:28pm
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Post# 22866116
RE:RE:RE:CAZA: IP-30 rate is 1,173 boepd in West Copperline
RE:RE:RE:CAZA: IP-30 rate is 1,173 boepd in West CopperlineTwo metrics that are not commonly used but should be used more often to assess E&P companies are to take the total increase in debt over a given time divided by the increase in production. Another is divide the Capex budget for a given period by the increase in production. This will then give us an idea of how much the expansion is costing relative to other E&P companies.
From the time of the Apollo loan to the end of this year 50,000,000/2000(assume end of year priduction of 2,023 minus 2nd quarter 2013 production of 223 boepd)= 25,000
Caza increased their production by 2,000 boepd in exchange for borrowing $50,000,000.
What is Caza's Capex budget for 2014?