Half, less than half by my calculations.
Operating profit on the UK assets of $50k per quarter, so much for their presentation indicating operating expenses equivalent to $20 per barrel of oil.
The UK assets have produced 13,813 barrels of oil in the last financial year, at $20 per barrel that equates to expenditure of $276,260 as opposed to the actual costs of $974,903 or an average operating expense of $70.58 per barrel of oil.
Half, less than half by my calculations.Operating profit on the...
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