I think they are losing money at the current oil prices and WCS discount.
$25-35m to maintain existing production. $75 oil less $30 discount for WCS = $45 a barrel US. Cost of production - well they say about $30 a barrel = $22m p.a.. They are losing between $3m and $13m if they are going to maintain production.
Ann: Q4 Drilling Operations Update, page-16
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CE1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.700M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| CE1 (ASX) Chart |
Day chart unavailable