RE: Looking forward19 Jan 2022 22:00
From interim results:
At the time of the farm-in, the oil price was circa US$50/bbl Brent, and independent competent person projections on a commercial development showed gross free cash flow of US$276m in year one of production. With Brent currently priced at circa US$80/bbl the economics have only grown more compelling and demonstrate the exceptional cash flow and rates of return that can be unleashed by this project in the success case.
Its not duster or they will be saying the well will be plugged and abandoned?!
We might not produce as earlier prediction but lower rates are also welcomed!