Maximise long term profit?
FAR's numbers say different.
September 2019 they said contractor share was $17.40
In October , after the surprise 40% extra, they said $18.80 or $ 1.40 extra.....
550 mmbbls x $1.40 is $770 million over 20+ years.
How is that more profitable?
Spend $1.2 billion extra and make $770 million back in 20 years?
Its now actually worse because you need to add 10% which makes it even less profitable.
Below is October 2019 below that September 2019.
Before anyone says this is FAR's figures, do you think WPL would let FAR announce anything without vetting it first?
Ann: Quarterly Activities and Cashflow, page-70
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