countdown to production, page-7

"1.4mbo in the first year gives NDO a nice little revenue stream of about 30m from SC14. They could have added that to the banner. "

Kristy,

Not sure how you arrived at $30M revenue.

Based on the price of oil (lets say $66/[email protected]) the revenue from Galoc would be in excess of to US$70M.

Note that SC14 also contains West Linapacan which will also produce an aditional US$50M (approx).

So in the 1st year of production Nido could very easily be earning in excess of US$130M from SC14 alone.
That's assuming the price of oil is $66/barrel.

What if the price of oil is $100 by then.