Would anyone better informed particaurly of the production costs care to comment on my calculations below?
Barrels found
Dorado 171m x 20% = 34.2m
Buffalo = 15m
CVN bbl = 49.2m
Cost of production $45USD/bbl (Based on some rough 2013 data)
Sell @ $53USD/bbl
Profit $0.39mUSD or $0.58AUD
Shares issued = 1.35m
Projected SP once fully extracted ($0.58mAUD/1.35m) = $0.43AUD
Production data source https://seekingalpha.com/article/2797825-how-much-does-it-cost-to-produce-one-barrel-of-oil-australian-companies
Would anyone better informed particaurly of the production costs...
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