CB, my bad on the conversion, i stopped reading the announcement...

CB,

my bad on the conversion, i stopped reading the announcement about a paragraph in, as that was all i needed to read,

i simply mistook your 3 mbpd as m meaning 1000,

not million, or 3 mm,

so yes, 3 mm bpd is indeed 150 million at a netback of 50$

without getting in to too much of a debate on the reality of 50$ netback/bbl, the cost and amount of wells to drill and plants involved in order to produce 3 mm bopd to surface is a bit mind boggling for an onshore shallow deposit that needs to be liquified and converted. I mean, lets say each well gets 5000 bpd of production (gross exaggeration imo), no decline in rate, you need minimum 600 wells drilled to reach this target. whats a central well cost these days out there? 2 mill/well? 2.4 billion to drill these, how many years?

All i'm saying is i don't think its quite as simple as the calculation central has implied