Thought I would do some more calcs now we are closer to the upgrade at Growler and know the current oil price.
Current 920 bopd @ $80aud @40% share is $10.75mpa
Expected Minimum 1200 bopd @ 80aud @40% share is $14.01mpa
Mid Range 1500 bopd @ $80aud @40% share is $17.52mpa
High Range 1800 bopd @ $80aud @40% share is $21.024mpa
At this current oil price the numbers are fantastic. Should be enough to develop many wells at a cost for us at about $800k per well in the fairway with a few still to come on line.
I wonder what the consideration has been for a pipeline in the future especially if these channel sands are everywhere and can be exploited.
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