BPT sold a barrel of oil at $140 and makes a gross profit of $100 or around 70% gross profit margin.
In the Otway, BPT sells gas for $11 per GJ at a cost of $1 per GJ (over 90% profit margin). Most of BPT Gas is sold at contract prices. Looks good to me.
By the way be careful using the “stupid” comment here.
Beach Energy Limited, page-459
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Change
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