RE: whats the cost per barrel here again5 Jun 2020 14:27
I think it's $17 without bonds or $27 with bonds (could be $26)
So, from what i can calculate (please correct me if 'm wrong), with 6&7 on and producing avg 18k B/D = $486,000 (@$27) per day
Since it's just 6 now, B/D at different levels with different oil prices =
9,720 B/D @ $50 OIL = $486,000 - so we're ok
12,150 B/D @ $40 OIL = $486,000 - so we're ok
16,200 B/D @ $30 OIL = $486,000 - so we're ok
1ST post but been in HUR for 3 years so be gentle if calcs wrong but if correct makes me feel much more optimistic compared to the RNS 2 Fridays ago.