By Christmas they will have 3 wells paid off and producing.
At an estimate of somewhere around 3000 bbls/day combined at say 75% average by 350 days = 787,000 bbl/annum
At $70USD net, that equates to $55M USD pre tax (or about $55M AUD after tax).
Me thinks the shares will go far by the time the December quarterly comes out.
Ann: Full Year Statutory Accounts, page-10
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