Gross Returns for 6 months @ 47,000 bbl/day
$US80 per bbl Tapis = approx $NZ115 (at today's prices)
Lets see.... 47k bbl/day @ $NZ115 = $NZ5.4m per day (gross)
NOG's share @ 12.5% = $NZ675,625 per day = $20.268M per 30day month = $NZ60.8M over 3 months (gross).
Now if 47,000 bbl/day was kept up for even 6 months, that would be gross $NZ121.6M!!!
Ok, there are the running costs etc but my goodness!!
Pan Pacific's share is 10% and they would gross after 6 months $NZ97.2M at today's prices!
This has to be good
Hurricane season ends end of Oct? - price back to 70$
I love tapis at $80 but wonder if that can be kept up for more than a month with the hurricane season ending end of Oct? - Still at current prices would give 4 months at $72ish. Just in time for the AGM announcements & then PE calculations by the anal lisps