Its not just HM Brian thats only the start another well is being planned already. Money will be made on the flow test and a quick tie up to production, but the full development of this field is what will make FUT jump in to a new stratosphere. Look at BP port Hudson field 5 miles away and with 13 wells is producing 26,000 BOPD equivelent. With OIL at $79.10 US thats US 2,056,600 per day or aud 2,200,056 per day. I know there production costs and royalties but even if you halve the figures and futs take of that is 550,000 per day 3.8 mil a week or around 190 mil profit a year. I know it along way off and baby steps first, But sometimes you have to look at the big picture because where you might be happy with a few points you might miss out on a whole lot more.
FUT Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held