| PETROSTRATA CORPORATION |
| Project Revenues and Utilization of Funds |
| |
|
|
|
|
|
| GROSS RECEIPTS |
|
|
|
|
| NO. |
ITEM |
$ / BARREL |
DAYS |
EXT. |
| 1 |
840 |
Barrels / Day |
82 |
90 |
$ 6,199,200 |
| TOTAL GROSS RECEIPTS |
|
|
$ 6,199,200 |
| |
|
|
|
|
|
| EXPENSES |
|
|
|
|
| No. |
ITEM |
$ |
QTY. |
EXT. |
| 1.0 |
LAND ACQUISITION |
|
|
|
| |
50 |
Acres w/ 1500 ft RR Spur |
$ 10,000 |
50 |
$ 500,000 |
| |
|
Purchase Price and Misc. Closing Costs |
|
|
|
| |
SUB-TOTAL LAND ACQUISITION |
|
|
$ 500,000 |
| |
|
|
|
|
|
| 2.0 |
CAPITAL COSTS |
|
|
|
| 2.1 |
CONSTRUCTION COSTS |
$ |
QTY. |
Fixed Cost |
| |
|
Turnkey SF Building incl. FF&E and All Flatwork |
$ 325.00 |
20,000 |
$ 6,500,000 |
| |
|
incl. FF&E plus site work and Entitlement Fees |
|
|
$ - |
| |
|
Dual Process Crusher/Pulverizer (installed) |
$ 2,000,000 |
2 |
$ 4,000,000 |
| |
|
20 Ton/ HR Micronic Processor Configurations (installed) |
$ 1,000,000 |
8 |
$ 8,000,000 |
| |
|
100,000 Gallon Day Tank and Long Arm |
|
|
$ - |
| |
|
and truck loading manifold (installed) |
$ 750,000 |
2 |
$ 1,500,000 |
| |
|
Utility Service Upgrades |
$ 500,000 |
1 |
$ 500,000 |
| |
SUB-TOTAL CONSTRUCTION COST |
|
|
$ 20,500,000 |
| |
|
|
|
|
|
| 3.0 |
SOFT COSTS |
|
|
|
| 3.1 |
PROJECT CONSULTING / ENGINEERING |
|
|
AMT. |
| |
|
Environmental Consulting & Monitoring |
|
|
$ 200,000 |
| |
|
Site Civil (Doudbts) |
|
|
$ 150,000 |
| |
|
Building A & E (Doudbts) |
|
|
$ 100,000 |
| |
|
Transportation (RSI Logistics) |
|
|
$ 150,000 |
| |
|
Process Engineering (Process Engr.) |
|
|
$ 250,000 |
| |
|
Mechanical Engineering (Fuild Engr.) |
|
|
$ 250,000 |
| |
|
Equipment Installation |
|
|
$ 125,000 |
| |
|
Storage Logisitics (IPECO) |
|
|
$ 75,000 |
| |
SUB-TOTAL CONSULTING ENGINEERING |
|
|
$ 1,100,000 |
| SUB-TOTAL CAPITAL EXPENSES |
|
|
$ 22,100,000 |
| |
|
|
|
|
|
| 4.0 |
OPERATING EXPENSES |
|
|
|
| 4.1 |
ORE HANDING EXPENSES |
|
|
|
| |
$ / TON |
ITEM |
|
TONS |
EXT. |
| |
12 |
Cost of mining Ore |
$ 12 |
75,600 |
$ 907,200 |
| |
12 |
Transportation of Ore |
$ 12 |
75,600 |
$ 907,200 |
| |
4 |
Pulverization |
$ 4 |
75,600 |
$ 302,400 |
| |
10 |
Micronic Processing |
$ 10 |
75,600 |
$ 756,000 |
| |
12 |
Disposal of Waste Products |
$ 12 |
75,600 |
$ 907,200 |
| |
SUB-TOTAL ORE HANDLING EXPENSES |
|
|
$ 3,780,000 |
| |
|
|
|
|
|
| 4.2 |
ON-GOING PLANT OPERATING EXPENSES |
AMT. |
YEAR |
EXT. |
| |
|
Small Equipment |
$ 200,000 |
0.5 |
$ 100,000 |
| |
|
Materials |
$ 200,000 |
0.5 |
$ 100,000 |
| |
|
Labor |
$ 2,000,000 |
0.75 |
$ 1,500,000 |
| |
|
Contracted Services |
$ 400,000 |
0.5 |
$ 200,000 |
| |
|
Misc. Operating Expenses |
$ 2,000,000 |
0.5 |
$ 1,000,000 |
| |
|
Site Utilities |
$ 500,000 |
0.5 |
$ 250,000 |
| |
|
Permits Fees and Asessments |
$ 500,000 |
0.5 |
$ 250,000 |
| |
|
Contingency Funds |
$ 500,000 |
0.5 |
$ 250,000 |
| |
SUB-TOTAL ON-GOING OPERATING EXPENSES |
|
|
$ 3,650,000 |
| |
|
|
|
|
|
| 4.3 |
ADMINISTRATIVE EXPENSES |
AMT. |
YEAR |
EXT. |
| |
|
Executive Salaries & Expenses |
$ 750,000 |
1.5 |
$ 1,125,000 |
| |
|
Exploration, Research and Development |
$ 1,000,000 |
1.0 |
$ 1,000,000 |
| |
|
Legal |
$ 500,000 |
1.0 |
$ 500,000 |
| |
|
Accounting |
$ 250,000 |
1.0 |
$ 250,000 |
| |
|
Marketing |
$ 250,000 |
1.0 |
$ 250,000 |
| |
SUB-TOTAL ADMINISTRATIVE EXPENSES |
|
|
$ 3,125,000 |
| |
|
|
|
|
|
| 5.0 |
CAPITAL DEBIT SERVICE OF CAPITAL COSTS |
|
|
|
| |
|
|
MONTHLY |
MOS./YEAR |
ANNUAL |
| |
Financed at 8% over fifteen years = Annual Debit Service |
$ 211,199 |
8 |
$ 1,689,593 |
| |
|
|
|
|
|
| TOTAL OPERATING EXPENSES |
|
|
$ 12,244,593 |
| |
|
|
|
|
|
| |
|
|
|
|
|
| 6.0 |
FINANCIAL CHARGES |
|
% |
|
| |
|
Broker Fees |
|
10% |
$ 1,224,459 |
| |
|
Interest / ROI |
|
10% |
$ 1,224,459 |
| |
SUB-TOTAL FINANCE CHARGES |
|
|
$ 2,448,919 |
| |
|
|
|
|
|
| TOTAL FIRST YEAR PROJECT EXPENSES |
|
|
$ 14,693,511 |
| |
|
|
|
|
|
| TOTAL FIRST YEAR PROFITS BEFORE TAXES |
|
|
$ (8,494,311) |
