Ann: Corporate Presentation, page-3

Best thing I can see is they have a big circle round Mitsubishi owned Laurel gas, so I think the JV will buy it back.
No real updates I can see, looks like U4 is “a mechanical issue” so could be a while before it is sorted. “possible rig intervention”

Operating cost is now stated at A$30-35/b, let’s call it A$32.50 so can finally do maths based on current picture:

(A$105-$32.5-$8)x3000x365/2=$35.313m
(US6/A$8 being the FOB Wyndham discount)

So call it $35m operating profit share with the odd shut-in.


Eric needed to tell the market how the new cash injection would fast track BRU 3.0. Get FW online now Eric, make a plan for how to get the oil to market when you discover more of it. Now.