RE: This isn’t a binary investment - much more23 Sep 2025 09:38
Base oil in t.t. is at least 282 a day,with 40% min uplift and only 30% to prd thats £2,209,083 net to prd a year, if the increase is higher than a 40% increase this could go up to 100 to 150% higher than current production, they are concentrating on 12 to 20 wells first then a new well early 2026. using 282x140% = 394.8 a day x $70barrel is $27,637 x365= $10,087,140 x30% to pred is $3,026,142 x0.73 is £2,209,083 net to prd as we have no capex per pauls deal, if its 100% increase then its £3,155,833 plus what ever we get from the billions(1.2 to 12? billion) of barrels targeted by the new drill in 2026! plus we have circa $48million to claim back in taxs inherited in the deal, with over 100 wells under our control this should be a steady increase every year as well work over results are known.