A couple of interesting perspectives also included in the...

A couple of interesting perspectives also included in the presentation:

• since OSH paid USD3.10 per bbl, PoO is up from under usd50 then, to over usd80 now.
• since that same time, federal corporate income tax dropped from 35% to 21%
• interesting economic modelling for their Nanushuk plans indicate that net revenue is approx 69% of gross revenue and that average break-even levels are at usd40. So  - back of envelope - at PoO of (say) usd80, net rev is around usd55 (ie 69%) with possible net income of around usd 15 per bbl.
• there is keen activity on all sides of our WB acreage

If Winx#1 confirms oil, the prospects of an attractive commercial transaction does seem plausible given some of these factors.  To say the least!