EFB210 Finance

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Course Code: EFB210

Course Name: Finance

Finance Assessment

Outline

Primitive Energy owns several coal seam gas reserves in south-west Queensland. As a relatively minor player in the Queensland Liquefied Natural Gas (LNG) market, Primitive does not have the capacity to transfer and process the gas for sale to domestic or international buyers. Instead, Primitive simply extracts the gas and then sells it immediately (at the well-head, which is at the surface) to one of the major gas companies operating in the area. Recently, Primitive entered into a contract to sell gas from one of its reserves for the fixed price of $4.45 per gigajoule (GJ) for the life of the reserve.

With this contract in place, Primitive’s management are currently trying to determine whether they should extract the gas through conventional ‘Vertical’ drilling or the recently developed ‘Horizontal’ drilling. As indicated in Figure 1, the Vertical drilling approach drills to the coal seam while the Horizontal approach drills down to and then across the coal seam.

Additional points of note are summarized in Table 1.

Table 1: Summary Points for Vertical and Horizontal Drilling

Vertical:

Smaller capital outlay, however, more wells are generally required due to smaller drainage area (the portion of the reserve that a well can access).

Preliminary designs indicate project requires 100 Vertical wells.

Horizontal:

Higher capital outlay given length of drilling, technology and difficulty. Greater access to gas reserves and larger spacing between wells, which means fewer wells required. Preliminary designs indicate that project

requires 50 Horizontal wells.

Specific detail on each of the well types including: capital outlay, production, maintenance, depreciation, state royalties, well drilling and capping schedule and other related information required for analysis is presented in the ‘Well Drilling Information’ spreadsheet.

Task

Provide a detailed financial analysis of each well type and an accompanying report that explains and justifies methodology, recommends a well type and highlights limitations with the analysis and recommendations. To complete this task, the manager has requested the following:

The financial analysis is to be completed in Excel. The file is to be easily adjustable for different scenarios and all inputs must be in the one sheet called ‘Assumptions’ with the analysis of each well conducted on a separate
The report is to be short (600 words + 20% tolerance) and written in a manner that can be understood by a person with a basic understanding of financial analytical tools. It should have the following sections,

o Summary:	Brief outline of task, methodology and recommendation.
o Methodology:	Explains and justifies the selected evaluation metric.
o Recommendations:	Recommends a preferred drilling approach and provides insight into why one drilling approach creates more value than another.
o Limitations:	Highlights the key limitations with the analysis and recommends additional analysis to alleviate these limitations where appropriate.

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EFB210 Finance

The course EFB210 Finance helps to explore more than what we think of managing money and investment. It helps to discover aspects such as investment and equities, corporate finance, debt markets, financial modeling, fixed income securities and international finance. The society in general is affected beyond the exchange of money. Like in terms of how we spend, borrow, earn, save and invest both as collective and individual which is clearly reflected in all from property prices to interest rates. The subject includes asset, cash flow, risk management, , financial institutions (public and private), budgeting and forecasting in banks and stock portfolios.

The assessment helps to build a strong grip on subject concepts of how financial system works – for corporation, governments and businesses. It calls for financial analysis and detailed report that clearly justifies and explains methodology, also state limitations. To attain subject solutions, it requires both analytical and technical skills.

Finance coursework is complex and demands in-depth subject knowledge, experienced hands on mathematical calculations and know-how of accurate formulas. It also calls for efficient software use to work on certain accounting and financial aspects. The extensive number crunching and detailed analysis doesn’t let students complete the assignments with ease. You get stuck at calculation step which makes it impossible to do further questions. What to do next? Your deadline is just a day after? Will you let the entire days get wasted over a single question? You know that the professor has specified student time for queries, then who will be at your door for assistance? Too many thoughts, but myassisgnmenthelp is a one-stop solution for all. The experts provide accurate finance assignment solution within hours you place the request. They are updated with dynamic changes in financial global market, also hold industry experience that makes it easy for them to do detailed report writing and financial report analyses at fingertips. They strictly adhere to deadline and make sure to modify the paper until the customer is completely satisfied. The customer service center is available at any hour of need, so knock it at any moment and get your academic queries solved. Since you know there is no escape to finance assignment, it’s better to prepare yourself to manage the load or take Online Tutoring from professional experts that can share academic burden as well as allow you to improve the grades.