Grangeh,
I think you may be referring to different things - the $25-30 figure is presumably the transport costs of the oil ie the cost of getting from the wellhead to Darwin. That's not the same as the total cost of the oil which includes capex and opex on site, drilling, fraccing if necessary, etc.
Because you can't really claim a constant figure like $25-30/bbl if you're including production costs, as it depends on the reservoir conditions. For instance if you have a shale oil deposit that requires huge numbers of wells, all involving horizontal drilling and fraccing, your production costs are going to be a LOT higher than they will for a clean reservoir that flows by itself.
In addition I think Dexter's figure was an NPV type number so included discounts above the bond rate etc - which add up to quite a lot if you're talking about a 15 year field life.
Hopefully he's around and reads this and can clear it up for us, because $30/bbl production would mean about $50/bbl margin at current prices which would be wonderful. Unfortunately I think there's more to it than that. :)
supertramp,
No worries mate, good to see we are all on the same page!
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