B8/32 Large Producer… Ideal Interim cash flow ProducerAmong the three producing assets that KE owns in the Gulf of Thailand , B8/32 could be the just right asset to produce immediate cash flows.
KE has only a 4.6 % WI in B8/32 but B8 is a substantial producer.
That 4.6 % equates to about 1000 barrels per day of production.
Annually, that amounts to about 350,000 barrels of oil per year.
At $100 US per barrel, gross revenues would be about $35 million US per year , equivalent to about $45 million CAD per year in annual revenue, with an extended field life.
It might cost no more than $5 million in cash upfront but would be a great cash flow gap filler until Wassana comes on stream in Q4 of 2022.
So many choices but those with tax pools and limited cash upfront meets most of my preferences for the next acquisition