At current oil prices (SDS is running close to Aus $80 barrel) net revenue should be running above $1.4mil per quarter or $5.6mil PA. As opposed to $1mil last quarter......
With the oil price at current levels I expect they will be able to negotiate a pretty good JV deal on the Muddy...
and if all goes to plan we may be looking at $100+Aus per barrel from the upper sands..
Cheers
