Ann: Corporate Presentation, page-73

Appreciate the info re the royalty, thanks. 1% worth 80c/bbl then. If oil price stays around A$80, BRU are on their way to an operating profit of A$50-55m at 3000bopd while still exporting through Wyndham with a pathway to more than double that at 5000bopd through Broome, I estimate around $115-120m pa. Deduct $6m for admin/staff (based on QR forecast of $1.5m next Q). Maybe some other minor exploration expenses (current development already funded from CR and assume future farm-ins pay for majority of targets listed in presentation) Pay the royalty - $840k-$1.4m at 3-5000bopd. Factor in $2.5m debt repayment for next 3 financial years. What else is there? It’s not a lot going out the other way...
Looks like market finally woke up to a potentially massively profitable company. Farm-ins for oil business, then the gas will be icing on cake.