GREY:NKRSF - Post by User
Comment by
ziboon Aug 23, 2018 10:59pm
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Post# 28509782
RE:RE:RE:220 to 250 million revenue for Niko.
RE:RE:RE:220 to 250 million revenue for Niko.Deloitte has evaluated the reserves for the Company’s interest in the D6 Block in India using its forecast of commodity prices and the Indian natural gas pricing formulas in effect for producing fields and for undeveloped discoveries in deepwater areas. For the decade of the 2020’s, the natural gas price for currently undeveloped discoveries in the D6 Block is forecast to average approximately $10 / mmbtu assuming an estimated average Brent crude oil price of approximately $80 / barrel.
Read more at https://www.stockhouse.com/news/press-releases/2018/06/21/niko-reports-results-for-the-year-ended-march-31-2018#tGSx2Ww54rLXGKAx.99
If Deloitte is right that would mean @ $10.00 MMBTU, Niko's annual revenue would be close to 500 million on the high end of production estimates.
That would suggest that NG prices will be higher in the future so it would appear that in 2 years when new production starts the price will be higher than today's 6.78 per MMBTU