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
doubt it, Andrew was quite specific with his answer, basically...
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