Break even in the ML is about $45 per barrel including finding / developing / lifting / production / taxes / etc.
So at $90 / barrel , they have about $40 profit (more taxes at $90). Cash flow may be a bit better than this (they have already paid lease costs).
Thats just about 1 well per month ($40 X 30 X 500 = $600k)
They need 1000 bopd to to 2 per month.
More realistically 1500 bopd to also cover admin and interuptions.
Break even in the ML is about $45 per barrel including finding /...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
