Post by
QUANTUMJUMP on Mar 08, 2016 10:28pm
From British Board
Midwestern and San Leon licking their chops on closure of this deal....... The BOD made this deal Jan 21st Brent crude 27.00 now we see Brent up almost 50 % to 40.00.................... OML 18 4000 bopd for San Leon 40% hedged at 92.00 1600bopd x 92.00 = $147200.00..........2400 bopd x 40.00 = $96000.00.......147200 t 96000 = $243200.00 @ day...... Midwestern will ramp up production once Mart is out of the way and Trans Forcados is back on line north of 30000 bopd x 40.00 = $1,200,000.00 @ day .............................I realize those numbers do not represent the profit but I am sure both parties jumping up and down with the cash flow numbers.