doubt it, Andrew was quite specific with his answer,
basically we got an oil field with a proven resource for $1, what would you expect from an accountant! Love it
2.8mill of recoverable oil that can be sent to Geelong, total costs per barrel would IMO be around $40US, just look at the cost per barrel at TEG and they have a offshore platform where they have to fly there as an example so our ops cost would be less.
add to that our oil is better than Brent so at least $25US profit based on current Brent at $65UD
then covert to AUD so there’s your money.
this is just based on current resource without firming up the oil field, the santos farmout and USA
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