GREY:ROAOF - Post by User
Post by
KeithR39on Oct 03, 2005 9:41am
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Post# 9647634
Brenda value, crude@$60, 40mm barrels
Brenda value, crude@$60, 40mm barrelsHere is my financial view of Brenda.
Note 1: that this includes a starting cost of $130mm USD and an additional operating cost of $6 USD / barrel.
Note 2: this leads to about a value of $2.5CAD/shr for every 10mm of reserves extracted based on the Brenda Data.
Note 3: it does NOT include the tax deduction basket for previous exploration expenses. Which would lead to even better numbers.
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Project:----------------: Brenda
Nbr of berrels--------: 40 mm
Brent USD------------: $60.00
Cost USD/berrel----: $9.25 ($6 USD op cost + $130mm USD starting cost/Nbr of berrels)
Tax--------------------- : 40% ,0% first year
work days/yr---------: 350
tot shrs (millions)--: 175
yr declining rate----: 31%
peak production----: 35000 bbl/d
$CAD/USD-----------: $0.85
year bbl/d-- net/d-- net/yr-- per shr-- bbl/yr
------ -------- ('000)-- ('000 000) -------- ('000)
1 -- 28,000 - $1,421 -- $497 -- $2.84 -- 9,800
2 -- 35,000 -- $1,066 -- $373 -- $2.13 -- 12,250
3 -- 24,150 -- $735 -- $257 -- $1.47 -- 8,453
4 -- 16,664 -- $507 -- $178 -- $1.01 -- 5,832
5 -- 11,498 -- $350 -- $123 --- $0.70 -- 4,024
Total berrels('000)------------------: 40,359 (barrels extracted)
Total profit ('000 000)USD-------: $1,428
Total profit ('000 000) CAD------: $1,763
Total profit/shr CAD---------------: $10.07 CAD /shr