Kupe Oil: Oil and LPG condensate are bracketed together from a reporting perspective.
Year |
No. of Oil & LPG |
Oil Barrel |
Kupe Condensate |
Resource Depreciation |
Net |
|
Equiv barrels |
Price USD |
Revenue |
and Amortization |
Proceeds |
2015 |
60000 |
60 |
$55,384,615 |
$33,381,206 |
$22,003,409 |
2016 |
44000 |
60 |
$37,772,308 |
$31,044,522 |
$6,727,786 |
2017 |
44000 |
60 |
$35,128,246 |
$28,871,405 |
$6,256,841 |
2018 |
44000 |
60 |
$32,669,269 |
$26,850,407 |
$5,818,862 |
2019 |
42000 |
60 |
$29,001,401 |
$24,970,878 |
$4,030,523 |
2020 |
46000 |
60 |
$29,539,998 |
$23,222,917 |
$6,317,082 |
2021 |
44000 |
60 |
$26,277,755 |
|
$26,277,755 |
2022 |
44000 |
60 |
$24,438,312 |
|
$24,438,312 |
2023 |
42000 |
60 |
$21,694,556 |
|
$21,694,556 |
2024 |
44000 |
60 |
$21,136,696 |
|
$21,136,696 |
2025 |
46000 |
60 |
$20,550,633 |
|
$20,550,633 |
2026 |
44000 |
60 |
$18,281,129 |
|
$18,281,129 |
2027 |
42000 |
60 |
$16,228,636 |
|
$16,228,636 |
Total |
5.86E06 |
|
$368,103,576 |
$168,431,335 |
$199,762,244 |
PV per share |
|
|
|
|
$0.20 |
PV per share (tax paid) |
|
|
|
|
$0.14 |
Notes:
1/ All dollar calculated amounts in the table are $NZ. USD oil prices are converted to NZD using $NZ1 = $US0.65.
2/ 'Discounted earnings flow factor' for subsequent years: (1-0.07)= 0.93
3/ No. of shares on issue for Genesis Energy: 1,000,000,000.