RE: cash24 Aug 2020 11:10
with what is stated below we are in a very fine position over 20 dollars a barrel profit and 200 a day time 20 a good 4 thousand dollars a day time 360 days a year 1,440000 well over a mil a year.
Economic modelling demonstrates that the Wressle oilfield development is robustly economic at current oil prices with a cash break-even oil price estimate of $17.62 per barrel. The Wressle oilfield remains one of our more advanced development projects within our business, with an expectation of first oil and associated cash flow in the second half of 2020.
"Progress on our other key projects, at West Newton and Biscathorpe, continues apace.
"Importantly, with in excess of £6.2 million in cash and no debt, Union Jack is funded for all testing and drilling commitments for 2020."