Cash generation / profit31 Jul 2020 11:36
18000 x 43x365x0.9 = $254 million
Total costs at $26 a barrel at this production = $171 million
Profit is what’s left / year
If production rises, so does profit
If oil price rises , so does profit
Try the calcs at $45 / $50 oil
Sp is way way too low for this level of success