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.
FDM Price at posting:
46.0¢ Sentiment: Hold Disclosure: Held