RE: 70 dollar netback Its brent... price brent today 111 dollars us., (maybe its even better as we have to convert back to C dollars..).
Theres a good link I can send you for oil pricing if you like.
Think the company used 106.50 as price for the 73 netback, this isnt obviously a static number... I think more of the magnitude of comparision.. Canadian companies for example come out around 40 dollars a barrel plus or minus a few dollars... The costs are as follows from a previous presentation....OP EX 3 dollars a barrel.. royalty 9 dollars a barrel... transport 22 dollars a barrel. I would assume these costs have not changed much, 22 and 9 are likely the same.. OPEX maybe a little lower or higher as we are pumping out more barrels, that could spread fixed costs over more barrels... hope it helps my friend. Again, do your DD, as this is what I came up with my own conclusions.