Well, what are their costs? Interest on loans, wages of people on the platform, their transport costs, motel accommodation (if they are FIFO), 30% of lease costs on FPSO, part of the wages of TAP Australian personnel involved in Manora, part of the cost of leasing West Perth Office but I'm sure there would be a lot more............. Myanmar royalties? Australian Taxation. The the major cost would be amortization of the cost of exploration ( eg seismic and drilling) as well as the amortization of cost of the platform ($270M) over 11 years and demobilization (removing the platform and pipelines, plugging wells etc)
1 day ago - Manora Oil Platform with drilling rig, and FSO in the background .... production and prices, operating costs and results, capital expenditures, ...
Cheers
TAP Price at posting:
58.0¢ Sentiment: Hold Disclosure: Held
