Hello Albi 1,
If the first tanker load of oil is 300,000 barrels it’s worth a shad load of cash to Hurricane.
On page 14 of the Q2 2019 Corporate Presentation there’s a chart showing the cash flow due to Hurricane for a given price of oil. i e $50.00, $60.00 and $70.00 a barrel.
The current price of Brent Crude is c$60.00 a barrel. The average operating cost at $60.00 a barrel is $22.00 a barrel. Therefore the cash flow due to Hurricane is $38.00 a barrel. If the amount of oil off loaded to the Amundsen Spirit is 300,000 boo this shipment is worth $11.40 million or with the $ / £ at c$1.25 this makes the shipment worth £9.12 million.
And don’t forget Hurricane have a 100% interest in Lancaster so all the cash is Hurricane’s!
Hope my back of a fag packet calculations are correct, if not, I’ll have to get a new abacus - but not the one Diane Abbot uses!