This is still a work in progress, it has helped clarify things...

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Rob79

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03/04/15

19:54

Post #: 15033864
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Originally posted by cmonaussie ↑

Echo that thought Rob - a safe and happy Easter to all (and might I add remember the reason for the season).

Back to SSN - pleased that the numbers make sense from multiple directions. I'd be happy to split the LOE difference and go with $22/BOE. Also intentionally bullish on production not for reasons that I think it will necessarily eventuate but more to see where some of the breakevens occur - and to not present a bias against SSN.

So I just quickly made some LOE adjustments to the monthly cost to 26/22/20 to give a Qtrly weighted avg of $21.85/BOE and with the same high production it produces a result almost equal to Dec Qtr. You, I and a few others know what that implies.

The timing of receipts and payments doesn't play into Qtrly results for my calculations (yeah I know you can go broke waiting on receiveables and vice versa) as its not an actual cash flow but the measurement of performance.

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This is still a work in progress, it has helped clarify things with your alternative approach which I appreciate as I think I will have a better look at my hedging number as it looks low.
Anyway, this is a summary of our original differences just getting the logic right, our Oil/gas mix is the same but have to remember how to calc that for the future.

Cheers

SSN Price at posting: 1.0¢ Sentiment: Hold Disclosure: Not Held
3 Upvote

0 Great analysis

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