By - TheProfessional0001
Note Rangers is in the same AOI as Jewell and BRK are taking a majority WI for Rangers
Hallelujah 💰 🚀
First drill of 20 - exciting times for those holding
Sounds good lets hope the flow rates are better then 1300 for a better ROI
*This is but the 1 leap and a journey that is miles and miles long*
What can you see the price going to?
No idea regarding the sp however the SWISH (of which Jewell is part of) assets I have conservatively valued at around 18cps.
Revenue whats the bottom
For O&G companies I use FCF rather than revenue as cashflow is the lifeblood of O&G development companies..to date FCF has been mixed however with Jewell the cash profile changes with a significant uplift.
Their loss stinks
Company is too early stage to be reading too much into the PnL. Any revenue they do receive will be tipped into well development expenses, exploration and leasing activity etc. Those wells don't drill themselves.
In looking at the PnL statement though you want the corporate expenses kept low and the O&G activity expenses high..I would much rather their cash be spend on revenue generating assets.
If you are looking for a mature, profitable O&G company Woodside (WPL) or Santos (STO) etc. would be better bets.
Yes thanks mate pay that, appreciate the analysis
Happy with brk thanks :)