For those interested in what a barrel grosses.
Reference "Otto presentation Singapore Jan.2012...p16"
For those who can't find it :
Price of oil.................. $115.20
Op.Ex (Galoc Ph1 of course)... $ 24.00
Cap Ex Phase 1................ $ 13.00
Net Back...................... $ 50.00
(after costs/taxes/other charges)
Tax would be Pines taxes (Oz tax on net profit only)
Amounts are in greenbacks.
Extrapolate from this starting point.
Gross margin would definitely score on F.I.D.
help i think im getting dementia, page-20
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