Ann: Project Longhorn - Texas Oil and Gas Production Update, page-4

New about this well when it was announced last month, just it didn't move the price then when it should. This was a great purchase at least to start bringing in their own revenue, which who knows might mean no need for future capital raises.

tbh simple math;(original output)
300BOE per day = approx 9000/month

$100 AUD per barrel = $900k/month Gross income

Running cost, or break even as per announcement is max $28 USD or $37.72 AUD per barrel. = $339,480/month
so take that off the Gross = $560k/month profit.
All based off the 300BOE per day output, which now increased to 400, which they want to achieve 1300 BOE/day as per 88energy.com/project-longhorn previous data.

Yay something to push back in the direction we all love to see.

Good to see that our explorer is getting some producing experience, now just have to learn and use that up in Alaska then only the sky is the limit.

*Hopeful