I assume that the NPV you used for the calculation is based on slide 17 of the "NOBV Acquisition Presentation: Juli 2024". This shows "Total Proved of CAD 609 Mln" and "Total Proved Plus Probable of CAD 931 Mln". You got to 609 Mln/27 mln shares makes appr CAD 22.50 a share. But: the footnote of that slide mentions: ".....Reserve report as at jan 1, 2024 effective date...". In the "NOBV Acquisition Video: jul 2024" Mr Marino mentions (21:06): "....a 2p total reserve at januari 1 2024 of about 68 mln barrels......over a 900 mln.....:" when referring to again slide 17. If the CAD 22.50 a share is indeed based on the NPV of 01-01-2024 then I do not understand how the asset depletion has been taken into consideration.
NZT: why don't you lower the $22,5 per share with the FCF that will not flow to NZT? That FCF is not created out of thin air but through depleting the assets and thus lowering the NPV10? The outcome will make a very substantial difference.
I assume that the NPV you used for the calculation is based on slide 17 of the "NOBV Acquisition Presentation: Juli 2024". This shows "Total Proved of CAD 609 Mln" and "Total Proved Plus Probable of CAD 931 Mln". You got to 609 Mln/27 mln shares makes appr CAD 22.50 a share. But: the footnote of that slide mentions: ".....Reserve report as at jan 1, 2024 effective date...". In the "NOBV Acquisition Video: jul 2024" Mr Marino mentions (21:06): "....a 2p total reserve at januari 1 2024 of about 68 mln barrels......over a 900 mln.....:" when referring to again slide 17. If the CAD 22.50 a share is indeed based on the NPV of 01-01-2024 then I do not understand how the asset depletion has been taken into consideration.
See my previous comment. NZT = TNZ . Apologies.
NZT: why don't you lower the $22,5 per share with the FCF that will not flow to NZT? That FCF is not created out of thin air but through depleting the assets and thus lowering the NPV10? The outcome will make a very substantial difference.
Not sure I understand the question? The NPV takes asset depletion into consideration