Dont forget to factor in natural field decline. In 5 years it may be producing only 10% of what it is now.
By my rough figures the Turkey gas project should just about cover all admin overheads for OEL for the next few years leaving all Galoc cashflow to accumulate. This should avoid any further need for capital raisings and give us a bit more bargaining power for any farmout deals. It should also cover any expenses for a phase 2 galoc development if approved.
rich pickings: target australia, page-24
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