Taugeh@maggiel, cranking up some numbers to support lah...make it positive
From the above link -- "...The blocks on sale include the Bualuang, producing at an average daily rate of between 11,000 and 14,000 barrels of oil...."
Let's assume the lowest production rate of 11.000 barrels of oil per day
Theoretically SONA should get 11,000 bpd x 350 working days x US$86.00 per barrels (as of now) x RM$3.278 ($1 US to RM $3.278) x 40% share (SONA share) = 434 million per year from Salamander deal (as of now), (of course there are loyalty + taxes + operating cost + loans payment + director fees + bursa parking fee :) + misc + etc; haven't been deducted from the numbers),
Let’s assume taking everything into consideration the total cost is 50%, so 434 m - 217.0 m= 217.0 m profit per annum / 1410714300 outstanding shares = 0.1538 cps 60%, so 434 m - 260.4 m= 173.6 m profit per annum / 1410714300 outstanding shares = 0.1230 cps 70%, so 434 m - 303.8 m= 130.2 m profit per annum / 1410714300 outstanding shares = 0.0923 cps 80%, so 434 m - 347.2 m= 86.8 m profit per annum / 1410714300 outstanding shares = 0.0615 cps 90%, so 434 m - 390.6 m= 43.4 m profit per annum / 1410714300 outstanding shares = 0.0307 cps
Several things will have the direct impact on the computation 1. The production rate - if the output is higher or lower, more profit or vice versa 2. The Crude oil price - if the price is higher or lower, more profit or vice versa 3. The Exchange rate - small but significant - will definitely change the numbers 4. Working days - 365 days?? How about 350 days, 15 days downtime for maintenance per year
Just my wild calculation for sharing only….Not the info for buying SONA share It just seems that the deal is very positive, at least for a number of years
maggielmy sources tell me that approval already in hand..... just waiting for SC to inform formally to sona..... hope this is true !! and it is brent oil, not crude oil...... and my target price is based on my estimate of EPS X 18 to 25 times..... let's see how good is my crystal ball..... :)
Taugeh@Ichingh88, per barrel has to enquire with the Salamander for the specific numbers, I just try to figure out a very rough number for illustration purposes only. As for the debt, to be honest, all O & G have debt sky high...one good thing, it pumps all year round...
@ yamatotrading, I understand your concern, the number is just for reference only.
@ Maggael, ya, you are right on the operating cost, it was USD $16.6,