CVN 2.63% 18.5¢ carnarvon energy limited

Not sure about your numbers or what you have calculated... ! You...

  1. 136 Posts.
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    Not sure about your numbers or what you have calculated... !
    1. You seem to have the terms opex and capex the wrong way around, but using 30mmbbl for Estimated Ultimate Recoverable, your $150mm for capex and $90mm p.a. for opex gives :
    2. Capex of $150mm for 30mmbbl = $5/bbl
    3. Opex of $90mm p.a. for 7 years = $630mm = $21/bbl (less if you can get it out faster) : Given Timor Leste jurisdiction, this estimate appears very generous.
    4. Gross extraction cost = $26/bbl.
 
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