I've calculated that ARQ must be pulling in $68,000 a day at current oil prices, from 4,500 BOPD @ A$30/BBL, or $2M A MONTH!
if ARQ's predictions of 5,000 BOPD is now in force, then that figure would be $75,000 day.
The A$30/BBL comes from;
(1) Price recieved - approx. Dated Brent US$30/BBL
(2) production costs - US$3/BLL
(3) 30% tax and others
Not bad from one small oil field and I suspect there will be other finds.
hovea daily income
Add 5GN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.37M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $67.53K | 446.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 5776332 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 993957 | 9 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |