TT netback KeithOz ==>9 Mar 2026 00:09
KeithOz
Posted in: PRD
Posts: 3,239
RE: Answer the questions, please.2 Mar 2026 11:24
@5th Feb RNS told us that at $60/BBl, netback was $32.60. So for each $5 increment, you need to deduct 12.5% royalty, giving $4.37 extra profit.
Brent is currently $78.5, WTI $72. Platts (Dubai) has trading suspended, so we will just have to average Brent & WTI, giving $75.25 for Trinidad oil.
TRIN $60 = netback $32.60 (per RNS)
TRIN $65 = netback $36.97
TRIN $70 = netback $41.35
TRIN $75 = netback $45.72 (current)
TRIN $80 = netback $50.10.