uneconomical?
1000-2000 barrels per day, lets do the maths....
Say 1500 barrels a day, a barrel (say WTI, which is light oil) is worth 72.42 USD.
1500 x 72.42 x 365 days is 39.65 million USD per year, or 60.95 million AUD per year.
so give say a 30% discount (butt pluck) for thicker oil, still raking in 40 million AUD a year for one well. Still sounds like decent income.
Ann: Change of Director's Interest Notice, page-57
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