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19,194 Posts.
598
09/11/16
10:50
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It will be very unlikely to produce over 20,000 barrels oil over next 12 months. then 10k 2018 then 6k then...
Take off all the costs/ royalties/rocky discount, and do the actual math on true profit.
Looking at the gross revenue payback is a waste of time.
It will take over 3 years to generate a real return and who knows how the formation will hold up over that period. Unknown.
We'll all find out the truth late April 2017 when we see the revenue/cost lines in Q.
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