Trying to KISS, let's just look at net figures on now proven reserves for CVN.
All figures are in US $'s. Let's not get into expenses, deductions, taxes or royalities etc. And let's surmise oil @ $100/barrel (although, much higher at the moment)
Dorado - 23m to CVN, $25cost/barrel (company announcements). Gross profit = 23m * $75/barrel = $1,725b
Pavo - 13m to CVN, at $10cost/barrel (said to be less). Gross profit = 13m * $90/barrel = $1,117b
Obviously, at a higher oil price higher gross profit, lower less. Than taxes, royalties, expenses, deductions to come up with net profit.
Still bloody huge figures on just two developments.
Ann: Corporate Presentation - Pavo Discovery, page-104
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