For those wanting an understanding of the level this is spitting out cash as follows based on last update and last quarterly production/staff/admin figures
In other words OEL are banking 88% of Net Income - more impressively the recent Oyster Bayou & Mosquito Bay finds are covering all of OEL's OPEX by a factor of 2 ie they are netting OEL $35K day at present income while OEL production/staff and admin expenses are around $17.5k day.
In other words all of SM71 income all of Lightning income and surplus OBS & MBW and hopefully in time all of GC21 income can go towards the drill bit / acquisition or capital management items.
Best part of USD$4M a month of liquidity being added at the moment - worth AUD$6.2M or 0.13cps/per month.
Ann: FY22 Financial Results Presentation, page-37
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Mkt cap ! $62.33M | |||
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