I will again state the $75 a barrel is an estimation based on the OTE report that they got around 1660 barrels of oil per quarter, the amount of average income when shown around $126k per quarter and if one divides the revenue by barrels of oil one comes up with $75 per barrel.
And rumot OTE expected outlay for the current quarter is $652k on exploration and $152k on administration.
So buddy show me how you got your $1.4 profit as I said b4 tell need to have at least three more successful wells or to start and reduce outgoing costs
And just to let you know OTE was unable to answer my question why there was no revenue shown on quarterly (March) and needed to find out.
DYOR
DYOR
OTE Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held