my basic calculations are based on cost of extraction. Using the mid-point figure which has been is the presentation of $39/bbl (P50) at at oil price of $70, your looking at approx $31 profit per barrel.
Obviously the higher the oil price the higher the profit. Also dependent on what the cost of extraction is going to be.
A question I have for the more knowledgeable on here is, if we based our cost of extraction at the P50 mid cost of US$39/bbl, how does this figure get impacted by now having to use artificial lift to get commercial flow rates?
Would we now be looking more at High cost US $49/bbl (P50) and what does that do to our profit margin/shares price??
Interested to hear peoples thoughts...
Things are looking up !, page-25
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