ELK 0.00% 1.4¢ elk petroleum limited

Ann: Half Year FY2018 Results & Guidance, page-2

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  1. 3,743 Posts.
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    Am I getting this right?
    2.6mill. barrels for 2018 (@ $60US = $156 mill)
    cost per barrel $19.50 US = $51 mill.
    plus cap.ex. $7.7 mill for the year
    = Profit $97 mill.?
    nah can't be that good @ this price surely?
 
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