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InterOil Cash flow analysis (update)

January 4th, 2012 · 2 Comments

Guest post, by Palm, complete with spreadsheet.

Free Cash Flow II (updated version)

Here is Palms rationale

Tags: IOC

2 responses so far ↓

  • 1 sltibbs // Jan 5, 2012 at 6:45 am

    Wonderful spreadsheet thanks for sharing. My only thoughts relates to possibly condsidering the following:
    Proceeds from Mitsui for Condensate Stripping Plant
    Proceeds from PNG LNG cash call
    Proceeds from Petromin for Elk and Antelope field development

    Notice these are in the Financing section of the CF Statement. It is my understanding that these will be transferred to the Investing section of the CF statement post-FIDs when the payments are no longer payable by IOC if the partnership ends. If you do this the Adjusted Free Cash Flow increases to 21.7 million form 24.8 million. If you disagree on the premise feel free to refer to the unadjusted numbers. Also, comments are of course welcome.

    Here is the link for the spreadsheet: https://docs.google.com/spreadsheet/ccc?key=0AshAH1SVj0t5dFA3Y19SdU1oTUc3SkVHMFpyQUpyb2c&hl=en_US#gid=0

    Again, thanks againg Palm for putting the numbers together.

    Best,
    Sam

  • 2 Palm // Jan 5, 2012 at 10:49 am

    Sam,
    Thanks for the input and I agree with you on the other cash sources. I have added these to my spreadsheet. I also updated the formulas showing the cash call % of O&G expenditures to include those amounts. That also makes a huge difference. I use these to project forward what they might expect to receive from project partners based on projected O&G expenditures.

    I am emailing you and stp the revised spreadsheet.

    Thanks again for the comments. As Ken always says, together we are stronger.