CUE cue energy resources limited

sampang psc

  1. 205 Posts.
    According to the announcement CUE's share of gas is 13.5 BBTU/D. If you use Santos conversion calculator
    http://www.santos.com/conversion-calculator.aspx
    that comes in at 2.449 KBOE or 2449 BOE.
    Add to that 15% of 3,000 barrels per day i.e. 450 barrels per day


    Therefore to update my previous calculations on earnings:
    Santos stated gas sales at > $5 per MMTU and assume sales of oil at $100 per barrel.
    13.5 BBTU/D = 13,500 MMTU/D = 13,500 x 5 = $67,500.
    450 x 100 = $45,000
    ie total of $112,500 per day
    ie $41,062,500 per annum BEFORE production sharing with the Indonesian govt.
    Anyone know what that amounts to?
 
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