re: massive upgrade. cashflow huge the latest shareholder presentation gives the figures for daily production rates for all the wells. these are above the estimated 25000. rather its over 30k bopd.
at 30000 bopd x 365 days. = 10950000 barrels per year. 10m per year!
at 100aud per barrel this is worth over 1 billion dollars. overheads shouldnt increase too much with increased production.
the potential is enormous. this thing will be a monster. the company will obviously use this cashflow to farmin to other big projects and possibly takeovers. (ie nxs).
the shareprice will run once the funds make the decision to invest. look at aed's run of late. takes a few days to climb up. we have seen the traders all sell on the expected news. now the investors will enter.
the signing of the jv and gas contracts within the month will help kick it along.
thoughts?
AZA
anzon australia limited
is today the day, page-20
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