Good work GF. At current oil price if they lift production to 500 barrels (XST share) they can have their purchase price paid off in 2 to 3 years. Rising production with an inevitable rise in the oil price to even $60 to $70 in the future sees the profit figures start to rise dramatically.
Also dont forget the reserve figures to be factored into the equation and they mention that the LOE is less than $15.
Ann: Appendix 3(Y) C Damiano - 7-Nov-16, page-8
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