What do you think Gunna means by economic @$20?
On the basis on last 6 months of reporting, SSN produced net 104,644 Bbls of oil
LOE expenses were $22.94 per barrel of oil
Production taxes were $4.25 per barrel of oil
Call it "Lifting Costs" of $27.19 per Bbl of oil produced
but lets not forget to add in corporate costs
G&A expenses were $20.61 per barrel of oil
Interest expenses of $578,874 / 104,664 = $5.53
Call it "Total Production Cost" = $53.33 per Bbl of Oil (more if we include hedging costs)
and finally add in the remaining DD&A expense (because only expensing the capital to acquire, drill, complete and tie in the well over time) of $8.42
SSN total cost of supply > $60 per Bbl oil
That economic at $20 is found in "Wonderland" - as I'm gunna do this, and I if I actually did, I wonder what would happen on our land.
Thank goodness oil keeps creeping up (unfortunately SSN oil production keeps creeping down)
- Forums
- ASX - By Stock
- SSN
- Ann: Foreman Butte Project Update
Ann: Foreman Butte Project Update, page-24
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SSN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online