RE: UPL23 Oct 2023 12:18
Yes 2000 bopd is the Average required to hit profitability - that obviously is to pay off interest on loan commitments, production costs, transport cost, wages etc.
Obviously the 2000 brls is determined at a certain price per barrel - so the higher the price per barrel then the more profit or in effect the less average barrels per day and obviously if oil price drops then will have to up the average accordingly. ๐ฎ
But unlikely oil price will drop given world events currently ๐ฏ
I expect that copl will exceed 2000 considerably in a few months time ๐ค