Average production costs still looked high but i have updated my forecasts. Based on same production rate , same revenue and cost per barrell and assuming 78.75% ownership , net cashflow per qtr is $1.4m before exploration admin and staff costs. So essentially $5.5m annualised before corporate costs. Upside in oil price changes things dramatically.
Next qtr result will still have CH at 57.5% ownership for 2 of 3 months.
Anyone know how mich PASE is expected to bring back to TEG next few years ?
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- Ann: March 2017 Quarterly Report
Ann: March 2017 Quarterly Report, page-8
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