A very useful ready reckoner for discussion purposes
I have a couple of questions:
How is Capex derived? ie $ per barrel? and wouldn't it vary for the scenarios presented?
I would assume opex and capex costs per barrel would be higher given Dorado is in shallow water?
Would Capex not increase to some degree per size of find?
The exchange rate appears to be incorrect, should read 1 USD = $1.41 aud
Fundamental Value, page-107
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