2012 Annual Report indicates Utopia produced roughly 25 bopd nett to BUY.
The announcement on 30/1/13 indicates that success at Utopia 12 & 14 could add as much as 50 bopd nett to BUY and with work overs of existing wells adding 20 to 30 bopd nett to BUY we could easily be looking at tripling or even quadrupling production in the Utopia fields after Utopia 12 and that is before any more development drilling is done.
Basically revenue will cover production costs, admin & other costs and leave surplus cash for further development/appraisal drilling.
news out big result , page-38
Add BUY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
-0.001(11.1%) |
Mkt cap ! $5.994M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $2.04K | 510K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 14621800 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1934289 | 2 |
View Market Depth
| Last trade - 11.38am 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
0.5¢ |
Change
-0.001 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 1900000 | ||
| Last updated 14.04pm 07/06/2024 ? | |||||
| BUY (ASX) Chart |