oil futures up over 9%, page-4

I concur Dr D and according to the entitlement booklet under the heading/
"Oil production generating strong cash flows"
we are receiving
*Strong oil pricing [Brent]... which indicates we're getting approx Brent Spot for our oil and "High net back of A$70 per barrel" [at Brent price of A$100/bbl, with delivered opex].
While Brent spot is only US$97 [see table below] currently, that still shows approx A$70/bbl profit for SXY as poster N5435137 predicted on another sxy thread.
Also from booklet...
*Net 2P oil reserves of 8.1 mmbbl with peak production of over 6000bopd
which was achieved during May 2012

OIL ($/bbl)
............................PRICE CHANGE %CHANGE TIME
Nymex Crude Future 84.96 7.27 9.36% ......06/29
Dated Brent Spot ....97.00 5.59 6.12% ......06/29
WTI Cushing Spot ...84.96 7.27 9.36% ......06/29

Other "Oil Production..." bulleted points in booklet are
*Major land position with operatorship
*Fast drill and tie-in with high flow rates
*Pipelines under construction to increase production and ensure delivery
*Low risk exploration on 3D seismic
*Aggressive exploration and appraisal programs to boost exploration and cash flow commenced in 2011/12