Probably the more relevant figure is the 459,000 barrels (1P) net to WBE from the his new acquisition.
459000 barrels * US$60/barrel * .2 profit factor = ~$US 5.5 million.
This new acquisition almost underpins the entire market cap. That's excluding our 20% interest in the Point Loma joint venture, and Xanadu (WA) which will come into play after the 3D siesmic is finished.
WBE is tracking well.
Ann: Acquisition Approved, page-4
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