Slabbo, the way I understand the production capacity of the platform is that it is capped at 5,000 bboe/d by safety regulations, which would include gas production.
Read the ann. re converting platform to a manned structure, it quotes something like 4,500 bopd and 5 Mmcfpd of associated gas.
That much gas equates to ~860 bboe, but the price that it fetches is nowhere near a bbl of oil. Current spot price for natural gas is ~US$3.06/mmbtu. There are ~6 times that (mmbtu's) in 1 bboe, so 1 bboe will fetch around $3.06 x 6 = $18.36.
Hope this helps with the calcs.
Slabbo, the way I understand the production capacity of the...
Add BYE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
6.0¢ |
Change
0.001(1.69%) |
Mkt cap ! $64.72M | |||
| Open | High | Low | Value | Volume |
| 6.0¢ | 6.0¢ | 5.8¢ | $2.564K | 43.70K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 470750 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 21241 | 1 |
View Market Depth
| Last trade - 15.39pm 08/05/2024 (20 minute delay) ? |
|
|||||
|
Last
6.0¢ |
Change
0.001 ( 1.69 %) |
||||
| Open | High | Low | Volume | ||
| 5.8¢ | 6.0¢ | 5.8¢ | 48443 | ||
| Last updated 13.55pm 08/05/2024 ? | |||||
| BYE (ASX) Chart |