investing the 300 mill surplus in a bank , page-5

Maybe they could get into shopping centres or buy a cheap investment bank.

find8, with your figures and the margin of $25. I assume this is based on hedge price. Should now be coming close to clearing those hedge contracts and reneg for $100+ a barrell. I would forecast about US$60 profit a barrell from their component(based on US$100 price and US$33 prodn costs - from memory)

4000bpd (min) x US60 x 365 = $87M + the interest as you have pointed out. Happy to hear if my numbers are out, however, looks like all jam at moment.

Best case is: back to 30,000bpd @ contracts for US$100