you are on the right track but the numbers are wrong IMO.
First, we are currently looking at $20 a barrel. Look at the Brent price, that's what we are based on here in Australia. Its been mid $50 since December so i'll go with that.
production per day is more like 1200bopd. 1200 x 57.5%=690bopd
690x 90 days =62100 barrels x $20=$1,242,000
Also, this is un US$ so convert to AUD$, so divide by $0.76=AUD$1634210
this is before admin and wages etc
DYOR
you are on the right track but the numbers are wrong IMO. First,...
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