Barrels of oil Hanna, so multiply the price per barrel they are quoting and you get the net revenue they will realise from this sell down.
so 2000 barrels a week at $US63 per barrel is $126,000 per week. You have to take 27% off this for the royalty owners and then you get the actual amount that drops into Fremont’s bank account.
so for the total 28,000 barrels they have to sell down, it’s good revenue they are getting. Remember also it sits in collection tanks so they have already extracted it so no costs here
bbl, page-2
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