Thanks dis ... i saw some figures regarding profitability in the ML from binbin the other day... and average cost was $50.
The thing is i feel this company will be more profitable then that due to the low cost wells as well as minimal transport cost to refineries (80km i believe) and low overheads comparative to other companies in the area (range & apache) ....
my estimates were probably a little low but lets say potental of $35-$40 cost at say $85 per barrel which is somewhere in between low side and high side estimates on the cost. So anywhere from 675-900 boed would be BE.
still definatly achieveable by christmas :) :)
AOK Price at posting:
13.0¢ Sentiment: ST Buy Disclosure: Held
