looking forward to see what they get for the 30% stake in Otway basin, if it is in the the range of $200 - 300 million it will wipe out most of the debt. If tapis oil stays around the $85 Usd mark most of the debt will be wiped out before the end of the year. I think the forecast of the cashflow over the next five years was conservative.. I will be surprised if we get to $100 usd oil, but you never know...
looking forward to see what they get for the 30% stake in Otway...
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