oil discoveries, page-8

re: oil discoveries and production My apology , correction to calculations here , BUT it is just as bad !!!

As per RPM announcement ......310 bblopd from 2 oilfields.

ITC therefore : 124bblopd share = AU$8680/day gross x 350 days = approx AUD$3m per annum gross.

What is another million .

RPM state in ASX announcement address that Growler will most likely only produce at 100bblopd under PUMP!

So that is another million to ITC annually

Therfore , give ITC AU$ 4m gross.

So it is left for success at Wirraway /Tomcat ?????

ITC have large costs as i think Moneytree pointed out .

Re-rate on the cards



dyor .