If 5 million barrels was economic....?
How about some positive thinking...
At US $75 per barrel
capex $25 per barrel
opex $5 per barrel
prrt 40 percent of $45
tax rate 30 percent
net US dollars per 50/50 partner : $18.90 x 2.5 miilion barrels each.
close to US$ 50 million dollars each..
Might be worth A$0.04 per share to CVN ...
Best case finish at 39 c tomorrow)))))
Ann: Buffalo-10 Drilling Update, page-39
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