03-31-2016, 08:17 PM
Puts add in Wahoo which has assets showing on the seismics. They drilled in the wrong spot . Add in stated on the call 150 million barrels of condensates at Raptor and these assets might be larger than Antelope ????
The condensate is a real changer . At today's prices retail price of 150 million barrels is gross $6 Billion dollars . Phil's plan was to truck it to the river and barge it to Port Moresby to the refinery . Well the refinery is now sold true and we do not own all the asset true . To Phil this was early cash flow he could monetize in 9 months .
At $40 for Brent could we sell at $20 a barrel ??? But we only own @ 80 percent so that $16 per barrel before lifting and delivery expenses true . I guess we could net $12 a barrel with $40 Brent .
Or $1.8 Billion in future revenue . If Brent returns to $80 a barrel a maybe it would be $3.6 Billion in revenue . This is early cash flow .
The condensate is a real changer . At today's prices retail price of 150 million barrels is gross $6 Billion dollars . Phil's plan was to truck it to the river and barge it to Port Moresby to the refinery . Well the refinery is now sold true and we do not own all the asset true . To Phil this was early cash flow he could monetize in 9 months .
At $40 for Brent could we sell at $20 a barrel ??? But we only own @ 80 percent so that $16 per barrel before lifting and delivery expenses true . I guess we could net $12 a barrel with $40 Brent .
Or $1.8 Billion in future revenue . If Brent returns to $80 a barrel a maybe it would be $3.6 Billion in revenue . This is early cash flow .