End game to the oil rout, page-74

Tradz. All that matters is the cost of production for the western flank which is AUD $31, and can be lowered further with reduced truck usage. So... with the price of Brent crude, which is what the Cooper Basin players receive US $44.3 or, AUD $57.8 per barrel. So with at least 2.5-2.8 mmbo each year, thats a huge profit margin even at these low prices. Also, DLS has a large amount of hedging above current prices.

Anyway, I continue to wait for BPT to T/O DLS. Very interesting to see the two SPs diverge today, DLS down, BPT up.