Love a pointer to where costs displayed are this high...
However this includes the 17% free carry of the GAS PLANT that will be history in the ST to MT future. So this increases to 0.60 x revenue = XYZ .
You will find this will be conservative. Sounds high expenses to me. But such is life, I will work with that...
Current Well 1 0.43 of 36Mil = 15.5 Mil earnings pa
0.60 of 100 Mi (2012) = 60 Mil earnings ps
Cheers...
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