They have said they expect target ultimate oil recoveris of 250k bls per succesful well
So PLX has a 75% Net Revenue Interest
and FUT owns 50% of PLX so 37.5% Net Revenue Interest
Very rough calcs but 250k bls at say $80/bl and 80c LT USD/AUD exchange = $100 AUD bl assume cost of extraction $30/bl = $70/bl gross proceeds
FUTs POTENTIAL ROUGH NPV of this well 0.375 x $70 x 250,000 =$6.5m = 0.002c a share
Nothing to get too excited about yet but a few more commercial success's and a healthy cash flow and it will be a differnet story
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