OTCPK:WSRLF - Post by User
Comment by
canadafoxon Feb 06, 2012 9:50am
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Post# 19493980
RE: RE: Operating netback
RE: RE: Operating netback RC; To keep it short; WZR receive 100% of of Sarqala oil revenue at this time and calculations based on costs and the PSC are moot. The return per bbl to WZR is currently $57 ( from memory ). At 5000 bbls/day = $300K / day ( approx ) or around $9m per month. This is a relaxation of the PSC terms by the KRG probably until such time as an oil & gas law is placed on the statute in the Federal Parliament. There will be an accounting resolution as and when the OGL is enacted.