something cooking, page-16

Transport and opex cost are US$15.
Royalties are 20%
NZ coy tax is 30%
assume Tapis of US$85

so try these calcs.......

@45K per day = 1.46 mbbl x (85-15) x .8 x .7 = 11.2 cts NET cash per share from Tui from 1/7/08 to 30/6/09
@40K per day = 10.5
@35K per day = 9.8
@30K per day = 9.1

Total guess, but I would think between 30-40K of production per day would be the go from 1 July 08 to 30 June 09.