Very lucrative deal for Viston: more or less 286% return Per PQE presentation:
Net profit from 10,000 barrels per day is $ 87,500,000 USD (at sale price of $ 70 per barrel of oil)
Life of projet is: 20 years
Total profit from this project: $ 1,750,000,000 USD
Cost of this project to Viston:
- Acquisition of PQE $ 420,000,000 USD
- plant upgrade to 5,000 bpd 90,000,000
- plant upgrate to 10,000 bpd 100,000,000
Total cost $ 610,000,000
We must not forget that Viston will then own the patented technology and they will be able to repeat this succes with other oil sand projects, so rinse and repeat.
Also their profit numbers are much because oil is $ 120 per barrel and, not $ 70 per barrel of oil
My personal opinion