RE: Potential placing keeping a lid on any rises ?8 Feb 2021 12:22
Also, the Golden Eagle acquisition looks very expensive paying $325 which at a profit margin of $20 per barrel will make ~ $72m in the first year. however this will decline each year, as production falls. With production at 10,000 bpd that is 3.7 MMbbls a year and with only 18 MMbbls of net 2P reserves, the field will soon be depleted.
Seems to me a very desperate deal to keep production around 60k