A couple of interesting perspectives also included in the presentation:
- since OSH paid USD3.10 per bbl, PoO is up from under usd50 then, to over usd80 now.
- since that same time, federal corporate income tax dropped from 35% to 21%
- interesting economic modelling for their Nanushuk plans indicate that net revenue is approx 69% of gross revenue and that average break-even levels are at usd40. So - back of envelope - at PoO of (say) usd80, net rev is around usd55 (ie 69%) with possible net income of around usd 15 per bbl.
- there is keen activity on all sides of our WB acreage
If Winx#1 confirms oil, the prospects of an attractive commercial transaction does seem plausible given some of these factors. To say the least!
Petroleum News, page-14
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