Woops, I like your number better also, I have noticed I did type the monthly gas number wrong but the total calc looks right. Apologies all
1/ Oil 43,455
Gas 81,009 (divided by 6 for boe) not 27,973
totals stay the same boe 56,990 and average daily prodn. 633 boed
I think your calc used my month boe number as oil which explains the difference. ps I still think the wells have some good results in them if things pick up.
Not being flippant but with the Oil price in Jan it probably doesn't matter much and better to leave it in the ground.
On the financials possibly a thing to watch is the EBITDA for June as last year there was realised derivative gains which will skew the result on top of the lower price. I suspect for the next few quarters these factors have been considered and either waived based on the recent approval of the additional finance, or there is a plan to address it and then also how the acquisition will flow to the bottom line.
Cheers & "It's great to be back home again" GLTA
SSN Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
