Confounded9 Mar 2018 18:06
Good point. $5.9 m outstanding to govt at end of year was it not?Assume WTI at $62 ave for 2 months....SPT 22% ave. Ballpark figure......more than $1.5m per month profit. This is all roughly estimated.GO can give exact figures. I assume all profit is after capex and random taxes
( ORR/Royalty/unemployment ).
Have no idea how much of profit was used for accelerated repayment Jan/Feb....but $3m to dip into really potentially dents the amount owed. Further update is due with audited F/Y results whenever that arrives.
We were at a higher s/p last March. 15.4 is silly.