GREY:ROAOF - Post by User
Post by
bcjton Nov 01, 2004 9:01pm
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Post# 8120310
The most important part of the news release.
The most important part of the news release.Production will be tied back to the Balmoral floating production facility eight kilometres to the northeast, in which Oilexco recently acquired a 7.91-per-cent equity interest. Oilexco's production engineering effort is currently focused on a design concept for a maximum initial production rate of 35,000 barrels of oil per day from Brenda. This production rate can be handled by the Balmoral production facility where the unused oil treating capacity is currently in excess of 50,000 barrels per day. First oil is targeted for the fourth quarter of 2005.
35,000boe x $60.00 can(BrentPrice)=$2,100,000 a day