Guys, my last post for a while as I return to work tomorrow. Some simple back of envelope calculations. If we work on production of 1,500 barrels per day (The Dec Q average) at today's WTI price of $US96/barrel (we know MAD is getting closer to Brent price i.e an extra $US7-8 per barrel) and an exchange rate of US0.875, as a minimum MAD should be generating gross revenue of around $A60M per annum, or $A15M per quarter.
Guys, my last post for a while as I return to work tomorrow....
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