Drillsearch BPT GSA in PEL106B is a short term contract and will...

Drillsearch BPT GSA in PEL106B is a short term contract and will end in 2016. The one in PEL513 and PEL106A extend up to 2025. Impact on Drillsearch on oil linked gas price is unclear as these areas are not yet in production.
so far the realised A$ oil price has fallen from $124 to $84 per barrel. A fall of about $40. Of which around $12 would have to be taken out as royalties savings. Net impact of $28 per barrel. Last year's netback was $79 based on realised oil price of A$124. From my calculation the netback is now down to $60 per barrel. Still a good earner!