MXO 2.78% 3.5¢ motio ltd

Matrix MD due back from Jakarta today, page-9

  1. 7,397 Posts.
    Matrix has a 90% working interest in the Langsa fields.
    OIL.OIL,OIL
    But it is still at the bottom of a big hole ,and they ain't go any money

    *******************
    Combined output of both wells was 7 000 bopd.
    The price of oil used in the calculations was US $20 /barrel.

    Oil is at $26 as we speak.

    Do the math. Even at US $20/barrel, the daily revenue is $140 000 a day. Per week that amounts to $980 000. Over the whole year a whopping $50 960 000. That is smack on $100 000 000 AUD.
 
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