At 2000 bopd given the current arrangements that could mean anything from $US14.6 - $US29.2 million profit per annum according to my maths.
Here are my maths:
+ 365 days x 2K BOPD = 730K BOPY
+ That is, $US14.6 million profit per annum on a conservative profit of $20 per barrel or double for an optimistic 40 profit per barrel
Given the MC is currently ~17 million that would roughly be a PER of ~1 conservatively or ~0.6 optimistically.
No wonder the bulls are starting to circle CTR.
At 2000 bopd given the current arrangements that could mean...
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