If we get USD$55 per bbl x 8m x 50%, thats USD$220m per annum for OXX share less whatever % Petronas (who own Ophir) will take. However it works out (and we will find out soon) its looking OK considering OXX has a MC of USD$20.00m. If I'm right about the depth span for the three horizontals, we will hopefully have a 5 to 8 year producing asset rather than 3?
OXX offshore oil flare, page-9
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