So new drilling is on hold but for how long? If the POO goes...

So new drilling is on hold but for how long? If the POO goes above say $50pb shale will be moderately profitable and those shalers don't need much encouragement to start drilling again. They need to pay the bills and pay down debt. OPEC+ needs to keep the POO below say $50 to press home the advantage and crush high cost shale once and for all although I think that's being too optimistic. This is a high stakes game and fascinating to watch. Hopefully it will be sorted out by the time Dorado comes on stream. I think we shareholders have to be realistic on the POO and factor in say USD50 pb into the financials. I recall the estimated cost of production was circa USD25 pb (assuming it was USD) so there's plenty to go around. My back of the envelope calculations for 130mbbls of oil at USD25 GP has CVN's 20% share at USD650m. At an exchange rate of say 0.7000 that's AUD 930m or AUD 0.58 per share. Probably a lot more costs and unkowns to be factored in so even if Net Profit is 70 % of GP then it's still around AUD 0.34 per share. And that's just Dorado oil. There's more blue sky in other areas and these guys know where to stick the drill bit. I'm looking forward to the results of the current 3D program to pinoint the spots.