I should also add Dorado is expected to extract 75,000 to 100,000 barrels a day.
If we hold 20%, that is between 15,000 to 20,000 barrels a day.
If we hold 10%, that is between 7,500 to 10,000 barrels a day.
Note, even in the best days during the Thailand operation, the JV (not our share) was lucky to extract 6,000 barrels a day. Most days, the JV was producing round 4,000 barrels per day.
Contrast that to our Dorado: assuming the lowest figure of 7,500 barrels a day, and using Brent as a price indicator (not Tapis), we should be deriving (gross) USD $832,500 per day or $1.14 M AUD per day.
That is gross $416M per year.
Say Your Prayers / It all comes down to APUS, page-19
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