Crikey. 100,000 barrels a day…that seems a LOT. That equates to $8 million worth of oil per day. Multiply that by 365 and…well, it’s a lot, even after costs are taken out. Sangomar is going to be a significant boost to net profit once it starts producing, which isn’t too far away now. Then Scarborough income follows after that…in the meantime, I can’t keep track of all the ex-BHP assets which are generating good income too. If the price of oil can stay where it is for the next five years (a BIG if) it should be a rewarding time to be a Woodside investor. It SEEMS all set…fingers crossed the price of oil doesn’t get derailed at just the wrong time.
Crikey. 100,000 barrels a day…that seems a LOT. That equates to...
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