Congrats Rob79, Bullseye - your guess for Mar Qtr of 75,762 BOE...

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cmonaussie

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14/04/15

11:30

Post #: 15083133
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Originally posted by Rob79 ↑

Hi, I'm just a bit odd and find O&G is interesting. I think mgt here give very good detail in their reports so a logical choice imo to try and understand unconventional oil.

I have updated my estimate after comparing with your numbers and your comments, main change was in the hedging and I have added some $$ to the LOE line as their could be some additional startup costs on those shutin's. They are just guesses based on the history and shouldn't be used for personal investment purposes as I really have no idea so safer to assume they are wrong until company report the actual numbers which I think is end of April.

I think the volume/price/mix calc's are right now and have corrected the signs but its been a while since I did this so any suggestions welcome. My old boss reads HC so if he corrects me I'll let you know.
All my opinion only which is biased by my personal views and understanding.
Cheers
View attachment 55554
PS. I have no O&G experience, this is a hobby.

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Congrats Rob79,

Bullseye - your guess for Mar Qtr of 75,762 BOE is within 363BOE with SSN reporting 75,399 BOE.

I've got Cash Margin/Boe (after paying finance interest cost) of ~ -$1.31 vs your ~ -$1.04. Be watching the LOE number in the 10-Q when it comes out.

Last edited by cmonaussie: 14/04/15

SSN Price at posting: 1.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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