Here is my current forecast for oil production and profits not including Kiwi:
Assumptions:
1. The recent Indonesian uplift in production remains steady at 2.5% per month.
2. Cooper Basin production remains steady around 120bopd until the new pump and other measures increase production.
3. The oil price hovers around $90.
4. COGS reduces to an average margin of 60%
My base case is a net profit for FY23 of around US$445,000 or $AUD693,000
Here is my current forecast for oil production and profits not...
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