Isramco Inc. Proved Developed Producing and Non-Producing Reserves Cashflow and Revenue Report
This document presents detailed financial projections and historical data for Isramco Inc., focusing on cash flows, revenues, expenses, and reserve volumes from its oil and gas operations. It includes breakdowns of proved developed producing and non-producing reserves, associated revenues, operating costs, taxes, and net cash flows over several years. The report also provides capitalized cash flow calculations at various interest rates and sales volume data for 2018. The information is intended for financial analysis and reporting purposes, rather than establishing contractual obligations between parties.
Exhibit 10.2
| Total Cashflow from Proved Developed Producing Reserves in US dollars | ||||||||||||||||||||||||||||||||
| Total Revenue | Operating Expenses | Plug and Abandonment Expenses | Investments | Production and Property Taxes | Net Cashflow before income taxes | Income tax expense | Net Cashflow | |||||||||||||||||||||||||
| 2019 | 12,169,055 | 7,785,801 | 400,000 | 0 | 1,116,128 | 2,867,126 | 239,833 | 2,627,293 | ||||||||||||||||||||||||
| 2020 | 9,507,343 | 4,317,760 | 400,000 | 0 | 867,148 | 3,922,435 | 557,509 | 3,364,926 | ||||||||||||||||||||||||
| 2021 | 8,935,032 | 4,186,257 | 400,000 | 0 | 813,340 | 3,535,435 | 490,755 | 3,044,680 | ||||||||||||||||||||||||
| 2022 | 8,195,159 | 3,719,581 | 400,000 | 0 | 750,005 | 3,325,573 | 468,354 | 2,857,219 | ||||||||||||||||||||||||
| 2023 and after | 80,563,908 | 36,949,030 | 13,000,000 | 0 | 7,363,225 | 23,251,667 | 2,980,528 | 20,271,139 | ||||||||||||||||||||||||
| Total Isramco Inc. | 119,370,497 | 56,958,429 | 14,600,000 | 0 | 10,909,846 | 36,902,236 | 4,736,979 | 32,165,257 | ||||||||||||||||||||||||
| Total Capitalized Cashflow from Proved Developed Producing Reserves in US dollars - various interest rates | ||||||||||||||||||||
| 0% | 5% | 10% | 15% | 20% | ||||||||||||||||
| 2019 | 2,627,293 | 2,563,975 | 2,505,026 | 2,449,963 | 2,398,379 | |||||||||||||||
| 2020 | 3,364,926 | 3,127,458 | 2,916,664 | 2,728,530 | 2,559,786 | |||||||||||||||
| 2021 | 3,044,680 | 2,695,060 | 2,399,164 | 2,146,827 | 1,930,139 | |||||||||||||||
| 2022 | 2,857,219 | 2,408,690 | 2,046,770 | 1,751,867 | 1,509,417 | |||||||||||||||
| 2023 and after | 20,271,139 | 12,586,102 | 8,381,300 | 5,870,519 | 4,270,455 | |||||||||||||||
| Total Isramco Inc. | 32,165,257 | 23,381,286 | 18,248,924 | 14,947,706 | 12,668,176 | |||||||||||||||
| Total Cashflow from Proved Developed Non-Producing Reserves in US dollars | ||||||||||||||||||||||||||||||||
| Total Revenue | Operating Expenses | Plug and Abandonment Expenses | Investments | Production and Property Taxes | Net Cashflow before income taxes | Income tax expense | Net Cashflow | |||||||||||||||||||||||||
| 2019 | 297,660 | 90,825 | - | 292,325 | 28,913 | (114,403 | ) | - | (114,403 | ) | ||||||||||||||||||||||
| 2020 | 486,519 | 243,478 | - | 45,000 | 47,461 | 150,580 | - | 150,580 | ||||||||||||||||||||||||
| 2021 | 386,849 | 206,414 | - | 98,567 | 37,860 | 44,008 | - | 44,008 | ||||||||||||||||||||||||
| 2022 | 1,545,283 | 217,937 | - | 165,625 | 140,613 | 1,021,108 | 267,453 | 753,655 | ||||||||||||||||||||||||
| 2023 and after | 8,499,844 | 1,435,889 | - | - | 748,232 | 6,315,724 | 1,389,459 | 4,926,265 | ||||||||||||||||||||||||
| Total Isramco Inc. | 11,216,155 | 2,194,543 | - | 601,517 | 1,003,079 | 7,417,017 | 1,656,912 | 5,760,105 | ||||||||||||||||||||||||
| Total Capitalized Cashflow from Proved Developed Non-Producing Reserves in US dollars - various interest rates | ||||||||||||||||||||
| 0% | 5% | 10% | 15% | 20% | ||||||||||||||||
| 2019 | (114,403 | ) | (111,646 | ) | (109,079 | ) | (106,681 | ) | (104,435 | ) | ||||||||||
| 2020 | 150,580 | 139,953 | 130,520 | 122,101 | 114,550 | |||||||||||||||
| 2021 | 44,008 | 38,955 | 34,678 | 31,030 | 27,898 | |||||||||||||||
| 2022 | 753,655 | 635,346 | 539,881 | 462,094 | 398,142 | |||||||||||||||
| 2023 and after | 4,926,265 | 3,484,113 | 2,568,727 | 1,948,907 | 1,510,871 | |||||||||||||||
| Total Isramco Inc. | 5,760,105 | 4,186,721 | 3,164,727 | 2,457,451 | 1,947,027 | |||||||||||||||
| Crude Oil | Natural Gas | Natural Gas Liquids | Oil price | Gas price | ||||||||||||||||||||||||||||
| PDP | PDNP | PDP | PDNP | PDP | PDNP | |||||||||||||||||||||||||||
| Year | ||||||||||||||||||||||||||||||||
| 2019 | 179.38 | 2.21 | 1,056.48 | 35.37 | 51.59 | 4.37 | $ | 2.87 | $ | 47.56 | ||||||||||||||||||||||
| 2020 | 142.20 | 2.55 | 730.20 | 69.50 | 35.02 | 8.07 | $ | 2.67 | $ | 48.86 | ||||||||||||||||||||||
| 2021 | 130.96 | 1.89 | 668.51 | 58.32 | 31.57 | 6.22 | $ | 2.60 | $ | 50.77 | ||||||||||||||||||||||
| 2022 | 115.59 | 16.52 | 595.70 | 179.32 | 28.80 | 5.87 | $ | 2.86 | $ | 51.84 | ||||||||||||||||||||||
| 2023 and after | 1,164.62 | 115.55 | 5,352.19 | 638.09 | 242.04 | 24.37 | ||||||||||||||||||||||||||
| Total | 1,732.76 | 138.72 | 8,403.08 | 980.60 | 389.02 | 48.89 | ||||||||||||||||||||||||||
| Crude Oil | Natural Gas | Natural Gas Liquids | ||||||||||||||||||||||
| Isramco share | Total Oil | Isramco share | Total Gas | Isramco share | Total NGL | |||||||||||||||||||
| Proved Developed Producing Reserves | 1,732.8 | 44,449.2 | 8,403.1 | 247,132.6 | 389.0 | 1,849.0 | ||||||||||||||||||
| Proved Developed Non-Producing Reserves | 138.7 | 435.0 | 980.6 | 2,983.6 | 48.9 | 66.0 | ||||||||||||||||||
| Total | 1,871.5 | 44,884.2 | 9,383.7 | 250,116.2 | 437.9 | 1,915.0 | ||||||||||||||||||
2018 Sales Volumes and Revenue Data
|
|
|
| 2018 |
| Crude oil | Crude Oil Sales Volumes | Mbbl | 184 |
| Average Oil Price | per Bbl | 60.84 | |
| Net Oil Revenues | thousands USD | 11,195 | |
| Natural Gas | Natural Gas Sale Volumes | MMcf | 1,119 |
| Average Gas Price | per MCF | 2.8 | |
| Net Gas Revenues | thousands USD | 3,133 | |
| Natural Gas Liquids | Natural Gas Liquids Sales Volumes | Mbbl | 59 |
| Average Natural Gas Liquids Price | per Bbl | 27.19 | |
| Net Gas Liquids Revenues | thousands USD | 1,604 | |
|
| Total Net Revenues | thousands USD | 15,932 |
