SSN has released its 10Q in the USA - IMO its easier to read and spells out the numbers better.
From what I can discern based on production of 50,160 Boe for Q4:
1. Avg Realized price for oil was $58.14 (likely higher due to higher production in Oct than Nov and Dec)
2. Impact of derivatives spelled out as $9.69 (much more inline to what I was expecting - possibly our Qtrly subtracts costs)
On a BOE basis I get Q4 avg of $62 even.
Expenses all spelled out nicely in Boe (except finance which you have to take the expense and do the division)
LOE @ $24.17
Taxes@ $5.97
G&A @ $25.14
Interest @$2.94
Cash Cost of $58.22
Cash Margin of $3.78
Interestingly adding in the DD&A expense of $22.30/Boe and overall operating cost becomes $80.52 ..... not too different to Rob's latest effort in trying to deduce the long term F&D cost.
- Forums
- ASX - By Stock
- SSN
- Cash Margin & Oil Price Rise
Cash Margin & Oil Price Rise, page-2
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)