I've calculated that ARQ must be pulling in $68,000 a day at current oil prices, from 4,500 BOPD @ A$30/BBL, or $2M A MONTH!
if ARQ's predictions of 5,000 BOPD is now in force, then that figure would be $75,000 day.
The A$30/BBL comes from;
(1) Price recieved - approx. Dated Brent US$30/BBL
(2) production costs - US$3/BLL
(3) 30% tax and others
Not bad from one small oil field and I suspect there will be other finds.
I've calculated that ARQ must be pulling in $68,000 a day at...
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