RE: RE: opti is very realSimple finance;
LL, 30k bls is field break even. 50K is field and interest break even. 55K is full on including capex break even.
35% of the remaining 35K bls (if bit rates get to 90K) is in OPTI's pockets.
12000bls X $80 oil X 365 days ==== $350,000,000/yr to either re-invest in Phase 2 or pay-off debt. This does not include income taxes but they have billions in tax write offs on tap. This also, does not include 85% (vrs 80) conversion efficiency, cheaper than borscht nat gas prices, really low SORS, or higher oil prices.
Take any combination of these, including a production range of 80-90k and OPTI pockets anywhere from $250 to $600 mil/yr in 2012.
Again....for the 5th time...please elaborate as to why my financial side is "out to lunch". I'm sorry that I did not include in my speculation that some nimrod twists off the stem on the main bfw block valve using a 48" pipe wrench after an outage.....or another rodent roasts himself, tripping a furnace and cracking all the tubes. It's possible. It happens. But once they have the cash flow, it won't matter.....you fix it and move on.
Giver.