My pick - $1.53
Thanks MD
Cheers
Printable View
My pick - $1.53
Thanks MD
Cheers
Lets see the sums.
41000 a day from tui at 114 tapis
This makes
41000[12.5%] times 114[1/.8]=
5125 barrels for NZO times $NZ 142.5 =730,312.50 NZ dollars a day for NZO from TUI.
Also note i have reduced production from TUI to 41,000 a day. Last i heard it was 43,000 so should still be comfortably at 41,000.
And to think that it was only a couple of weeks ago that the options were being written off... :rolleyes:
Too much enthusiasm there Digger ...
Gross income is not very meaningful, even if it is impressively large. We need production costs, corporate overheads, royalties and tax to come off to get the net surplus. And we should use monthly average price rather than current price.
So something like $425,000 per day (mathematically around $38M for a quarter) of net surplus is a more meaningful figure for current performance.
And don't forget that the company will deduct amortisation from their published net surplus. And hopefully Momoho costs will come into this year.
I expect the announced net surplus for the year will be about $105M (say 41 cps). We should not forget the PRC holding gains of possibly 25 cps that will not show in the books - book value $67.5M, but market value around $130M (@160 cents). The real picture looks rather more impressive than the books, which is rather rare these days!
It is still a while until end of year, so it could all change by then - but the longer Tui keeps delivering and the longer Tapis stays at these levels the better it is looking. A brilliant year for NZO, even with the lack of exploration success thus far.
All very true Unicorn,but i was only dealing in gross revenue.It was only about 4 months ago i posted the same gross income at the time exceeding 500,000 which just shows how much things are improving. I stick to gross income as i come from a farming and business background and i know only to well how after the gross income is earned the figures can be manipulated to get whatever final profit figure is required.
Still as you point out things are looking very good nonetheless.
Cheers.
MD,
I've been saying $1.50 on 30 June for the last 3 months, so i'll stick with that.
Cheers
tomorrow will know how the kupe 7 fishing progressed.
a successful catch could see rig shifted in near future to drill momoho as doubt they would drill the 5km from present location - adding 4 weeks to the drill, when shifting the rig would save that time.
nzo have budgeted $8m for their 15% of momoho = =$50m drill.
M
Good Morning McDunk
Pop me down for $1.95, and don't let that horrid Nita get to you.
Thanx
Mx
[QUOTE=duncan macgregor;193906]Competition to select NZO share price on conversion date June 30th
in the event of a tie the winner is the person with the correct score posting first
I will list you in posting order.
1,AMR 180c, 2, OILER 165c, 3,Macdunk 159c. 4,MATTYROO 158c.
5,SEAMUS 135c, 6,SERPIE 131c, 7, LIZ 120c, 8, STRAT157c.
9TRACKERS 168, 10, COLIN 170, 11,THE MACHINE 210c. 12,MALCOLM 200c.
13,SPOOK 172, 14,BIG BOB184c, 15,ZORBA 155c, 16, REMY 167c,
17 AMERICAN PSYCHO 175c 18 SHASTA 161c, 19RONTHEPOM 171c 20 PHAEDRUS 160.
21SHREWDY 169, 22 BERMUDA 149, 23 MORV 172c, 24 TIM23 165c,
25 DIGGER 173c, 26 PIETRADE 171c, 27 NITA 181c, 28 SUMMER NED 193c.
29 QOH 179c, 30 WK6332 225c 31 BALANCE $10-60 32 777 175c.
33 TOK3N 145c, 34 CLIPS 167c, 35CORRAN 156c, 36 MICK100 250c.
37 DSURF 154c, 38 SKEET 185c,39 MIBO 177c, 40 JAY 162c,
41 ZACMAN 187c, 42 GAMBLER33 115c, 43 BILO 156c, 44 BRUCETO9 164c.
45 romer 163c.46 HOOP 145c 47 RABBI 148c 48 ROTWEILLER 153c,
49 MINGEATHINAIOOS 150,50 MANXMAN 195, 51 MACDUFFY 146, 52 BLOCKHEAD 198,
53 777 225c,