Lets do some numbers
reduced debt to $300 million at a "substantially better interest rate"
say interest rate is 7% around 17.5million Interest per year.
if they want to get it paid in 3 years they will have to pay around 100million pricnciple + 17.5m interest or 101.75million a year
Output released today 230 + 4617 barrels a day.. say its at $50 US > 300 days production this year
is (230+4617)*300*50= $72.7million USD a year just 100million Aussie..
I know there is a lot more thats not been covered but this release is not bad at all - neutralizes debt
not to mention the other good info in the release
Pls correct my numbers if they are off
Lets do some numbers reduced debt to $300 million at a...
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