"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.
"1.4mbo in the first year gives NDO a nice little revenue stream...
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