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Flow Test is Value Driver, page-9

  1. 1,274 Posts.
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    Brent now over A$80 barrel....cost of production, according to the company may be as little as $10 ......GGX leases are onshore in close proximity to the Shell refinery. Even 200 bopd from one well would produce annual profits of $5M (before royalties and tax kick in)

    It is going to be a bonanza, until the Gov profit sharing cap is reached.

    Here is a 3 min you tube video showing our neighbours in the Philippines producing their first oil. If nothing else, the video shows how simple it is operationally to produce and get the oil to market. (although not the most exciting 3 min of video you will see).

 
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