BRU presto states A$30 to A$25 profit at 1250bopd when Brent is US$50@75c = A$66.66/b
US$6/A$8 is the FOB Wyndham discount so production costs are A$28.66 to A$23.66/b ... which at 1250bopd over a year is A$13m to $A10.8m pa. (Using 365 days production for sake of example)
At current A$89.80 (ie A$82 after deducting FOB Wyndham $7.80 @ US$6@77c, trying to use round numbers for sake of example) at @3000bopd, annual revenue is A$89.79m
Deduct production costs of at least A$10.8m plus what another 10%? 20%? Whatever... operating profit of say $75m pa. Take off a few mill for admin and corporate, whatever... current MC is less than $140m, say very approx. double potential earnings
Never mind Brent at A$100+... Never mind introducing partners to fund high impact drilling... Never mind the gas fracking moratorium being lifted...
$450-500m MC is coming. How rich do you want to be Cujo?
BRU presto states A$30 to A$25 profit at 1250bopd when Brent is...
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