doing the numbers again off updated production data OEL should be netting ~AUD$60k after all costs (roughly us$60k income with $20k costs =~us$40k day fcf) assuming no ongoing contribution from MBW/OBS.
what’s worth noting gas/NGL revenue starting to contribute a greater % towards overall revenue. I see Nat gas prices making fresh 12 month highs at 3.58 …. With 50% of reserves gas trumps energy export policies re LNG could help underpin us gas prices going forward. Further development of lightning field makes sense in an elevated gas prices.
inital lightning flow rates were 12-16mmcfd and condensate of >400 barrel worth noting….
OEL Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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