waiter....?, page-6

I am expecting news this week or next with the field facilities upgrade and the ensuing ramp up of production. The poo has been around the $80 aud markat present. They are predicting a pump rate at least initially of 1200 bopd.

1200 bopd x 40% = 480
480 * $80 = $38 400 per day.
Yearly = $14 mill annually

The expected ramp up to 1500 bopd by June would make it 600 bopd and 17.5 mill annually.

Change that to $100 aud oil and you have

17.5 mil for the 1200 bopd
21.2 mil for the 1500 bopd

The oil price is coming back and it just has to based on simple supply and demand. ITC will be back on soon.