Yeh $80 dollars a barrel
Right now you’re selling at $30 dollars a barrel US and let’s give you $40 a barrel and after your 30 percent share, royalty and Tax you’re left with around 10 million dollars profit. Now add expenses and you’re still not economical. You need more wells and more raises and you still won’t be economical because after royalties and taxes and expenses your left with a 5-10 percent margin on the bottom line
Ann: 2023 AGM Presentation, page-34
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