RE:Trying to do a little cash flow crunching for fun so please Based on what Paul said in the prior post it's possible Cascadura might support 4 development wells and if successful Chinook, which is significantly larger, might support at least 4 and maybe even 8 development wells.
My guesstimates below were based on only 4 wells total so maybe we might double or even triple those cash flow numbers.
A .10 dividend is only $ 20 Million and that would be just a drop in the wave of cash coming our way.
Who needs Royal Bank or Trans Canada dividends when you have TXP !
Goaweigh wrote: check my numbers, you too Waddler.
I'm looking at this using 2 differant metrics because I don't know the pricing of gas or oil in T.
Using Oil Equivalent:
Casca -1 we have a range of 6200 - 7760 BOE/D Net plus 1100 - 1400 conde so added together gives a range of 7300 - 9160 so I'll use 8,000 BOE/D. ( No idea the pricing of condy either )
So I'll use the net back of $ 11 we received in our last statement which was historically low and I'll use 360 days:
8000 X $ 11 X 360 = $ 31,680,000
Using Gas excluding conde and guessing at $ 3.00 minus .50 to the Utility nets us $ 2.50
40,000,000 ( net ) X $ 2.50 X 360 = $ 36,000,000
Paul suggested Cascadura may support a few wells which is more than 2 but lets go with 2 in the near term.
Chinook appears to be significantly larger, lets say twice the size of Cascadura so it may have the potential to support 6 wells in future but lets use just 2 in the near term and of course let's assume it produces at the same level of Cascadura.
And I'm excluding Coho alltogether because I can't be bothered to write any more.
So does it seem possible that even if all else fails we could still generate $ 120,000,000 cash flow from just these 2 discoveries ?
Cormark suggested $ 65,000,000 I believe so I'm wondering where I've gone wrong.
Anyone ?