Max Petroleum - Re: MXP Stream Log - In reply to rjordan12003 -Using...

In reply to rjordan12003 -Using figures from the interim results for 6 mths ending Sept 14. 2900 bopd @$55 pb = $159,500 income per day. Cost of sales (less Depreciation, depletion and amortisation as I'm only interested in Cash at moment) was 49% of Sales or $78155 per day. Admin was 8.9% of sales so $14195 per day. Therefore, $159,500-$78,155-$14195=$67,150 cash per day. That's a surplus of $2,014,500 per month. These are cigarette packet calculations of course. What this tells me is that this company is far from dead. It is only debt that is the problem, sort it out and this company will survive and prosper. I've only got 85,000 shares as I thought "what the hell" and plowed a huge £140 into the stock. If things do sort them selves out this is going to be a traders dream and I will be in with more money; if it was trading at the moment I would definitely have a further punt.