p, if the CPR comes in at less than 60% of company estimates the highly experienced BOD should fall on their own swords. Even at $55 for a boo the complete Varang deal is worth at least $20m per year in revenues. 800 x $40 = $32,000 a day, or $11.6m per year,(after costs!)the sooner we all know this is on track,the better!! Varang phase 1 repayment will commence only when all 3 wells are producing,so it is entirely possible ,if Niko 1 is producing first,FRR will be getting more than $32,000 a day for a period of months. Only after phase 1 will phase 2 and 3 then be lined up to start. Looks to me we are talking,eventually,at least another 600 bopd.Revenues of $24,000 a day,600 x $40,or $$8.7m per year,again this is after costs. Varang is just as equally as important as gas production,and nobody can even say for certain wither it has started-or even if it will start. 99 H.
Kind of reminds me of the bosses track "you spend your life waitin for a woman n she jus dont come...."ah well .I got out of beowulf mining to come here .check out that car wreck.onward n upwards.im super confident anyway.just please let it happen soon.
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