Over the life of Caroline-1 you are right ggwill, however, there...

Over the life of Caroline-1 you are right ggwill, however, there was decline at the end of the well's life. I believe that the well did 100 tonnes per day at peak (from the start), which would deliver 36,500 tonnes a year gross, or $11 million in revenue. If Nangwarry is bigger, you could get a facility to process 150 tonnes a day, which would take yearly revenue to around $16.5 million. Half of that is $8.25 million, and take out low operating costs, they could look at $7-7.5 million of free cash. That makes it a bloody good asset!! DYOR