Autosime,
Point taken. Call me an oil bull!!
However, I had to use A$90/bbl given that was what was on the BPT slides from the AGM provided to give me a net back per barrel for PEL92. BPT did not provide any sliding scale information if oil prices drop (and unfortunately because of State and other royalties it is not possible for me to work it out with any accuracy at say a A$73/bbl).
I see a lot of upside for PEL92: both in production and exploration.
Cheers
pel92 joint venture profits, page-3
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