It just has to meet the quality specification and it will be sold at brent Crude prices.
From the KILLANOOLA CRUDE SALE AGREEMENT SIGNED WITH VIVA ENERGY 22nd AugustAll crude produced and sold will be subject to required quality specifications. Delivery will be made into Viva
Energy’s Geelong refinery by road tanker approximately four hours to the southeast of the Killanoola Project.
The crude will be benchmarked against dated Brent for pricing. Next steps are to seek Government approvals
and then commence procedures to start production from the existing pay zone at the DW1 well.
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Ann: Killanoola DEM Production Approval, page-63
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