Nihilism
I have previously assumed (and continue to) MAD have been recieving roughly Brent prices for their oil..Back in OCT MAD announced they were recieving in excess of a $10bo premium for their oil.
Still I thought I would clarify with the company....
"Maverick is still receiving WTI plus a premium as detailed in our previous announcements to the market."
"Where we have quoted a figure for our Net Oil Cheque in our ASX announcements (e.g. November 2011 USD 1,628,000), this is our share after royalties, transport costs from the field, and state taxes have been paid."
Cheers
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