re: This is expected to reduce the development capital of the project, which we expected to cost ~US$400m.
---
I think those costs mentioned by MqBnk are for 3 wells plus costs.
i.e: 2 laterals x USD90mil + 1 inj'ctor x USD75mil + opex of USD400k x 365 days = USD401mil ballpark.
Found the costs on slide-15 from their 2016 AGM preso. Field life is the unknown in terms of years.
As for the rate of Return, at current price of oil should b around 15-16%. Will b interesting to see what the actual estimates (NPV, IRR etc) r from the FEED study. For now one could use their 2012 slideshow as a basic guide, however that was factoring in USD70/bbl, 34% IRR etc etc for a 250 mmbbls field.
Ann: Echidna Oil Discovery Development Concept Approved for FEED, page-13
Add KAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.70 |
Change
-0.015(0.88%) |
Mkt cap ! $1.361B | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.70 | $1.67 | $6.485M | 3.843M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5782 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 1499 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |