KAR 0.59% $1.70 karoon energy ltd

Brent Oil passes 75 USD

  1. 1,606 Posts.
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    Thought since we are in new qtr with new oil price a new thread was warranted.

    Production for Q2 seems to be close to 1160263 ( one more day to go so approx another 14K)

    https://app.powerbi.com/view?r=eyJrIjoiZjQ0NjIzNmYtNzY3Ni00MzZkLWI0MTQtYzk4ZWY0ZGI4ODQ5IiwidCI6IjQ0OTlmNGZmLTI0YTYtNGI0Mi1iN2VmLTEyNGFmY2FkYzkxMyJ9

    AUD USD is currently 0.75

    Production is still around 14200 barrels per day - ( above what I was thinking it would be at )

    I'm assuming average price received is about 65USD per barrel

    Production revenue would have to be around 100 -110 Million AUD

    Cash Flow for the qtr will IMO only be the two cargos so between 85-90 Million depending on the oil price and volume shipped( I'm assuming 2*500K cargos.)

    Market Cap - 756 Million

    Cash as at 31st March 173 Million AUD although this will be higher as they hold their money in USD so slight uplift . ( Note I think they have switched to USD anyway)

    Average oil price received last qtr 55.38USD

    Cash 97Million AUD

    I think we will easily rock in 400 Million AUD revenue for the 12 months.

    Can't see the price like this for much longer. I'm thinking we will be sitting on circa 200 Million cash. The cherry is if we lock in the hedges now at these prices as part of finance. That announcement should also be very close.

    Those large cross sell trades that keep it range bound I think are now there to keep accumulation happening at the expense of traders.

    Intervention campaign commencement is now less than 12 months away.

    Patience still needed but the next 2 qtrs will be compelling to drive the price towards $2 and beyond.

 
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