From indonesian press gives an idea of prices achieved at Oyong etc.
JAKARTA (IFT) – Santos Indonesia, subsidiary of Santos, an oil and natural gas exploration and production company from Australia, projects its revenue to reach A$ 95.4 million – or equal to Rp 925.5 billion – from the oil and gas sales during the first half of 2012, according to IFT calculation. The calculation, referring to performance report of holding company, recorded Santos Indonesia has produced ethane gas and liquid natural gas (LNG) reaching 14.8 petrajoule with the average selling price around A$ 5.01 per gigajoule.
Condensate production reaches 2,400 barrels with average price of US$ 105.28 per barrel or equal to A$ 101.95 per barrel. Meanwhile, crude oil production reaches 177,500 barrels with average selling price of US$ 122.28 per barrel or equal to A$ 118.42 per barrel.
CUE Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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