SAE are working on a US$25-30 per barrel margin for steam extracted oil . I have plucked a higher margin but water will still need to be trucked in ( during a drought - see the truck in the Annual report unloading water), a high PE, and the low side of production estimates to start with .
2000 bopd at a PE of 16 is a while off probably but I reckon easy to attain .
anyone know what its worth, page-13
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