From memory MAY management forecasted cost of AUD 27 per Barrel for this exploration. With current Crude Oil price of ~ USD 64/Barrel, they will be easily making USD 3+ million profit {=600 x [(64x1.30) – (27)] x 0.30 x 365} in a year for their share of 30% for Total 600 Barrels/Day.
Everything Changes Positive for MAY from now on, page-8
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