FAR 1.01% 49.0¢ far limited

Ann: Guinea-Bissau licence update, page-66

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  1. 13,630 Posts.
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    I would add here that not only is there a discrepancy between CNE and FAR with the volumes but also with the oil production rate . CNE are up from around 80,000 Bopd to 110,000 Bopd and FAR are talking 140,000 Bopd...with any luck that may be conservative as well and would have a large effect our income should we get to production...every extra 1000 Bopd Increases gross turnover for FAR by $ US 70,000 daily or $US 25.5 mil a year at $ US 70 oil, It all adds up and reduces the overall cost of production...

    CNE do however have a very impressive oil in place number...

    Cheers Whisky
 
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