AUD oil above $150bbl >, page-65

The average price received for all oil sales during the March quarter was A$121.4/bbl....

going off this AUD oil chart I would think thats going be noticeably higher $150bbl etc ... so should have a impressive Qty Cash Receipts ...

My IMHO JUNE qtr numbers why I think this next Qty results due end of JUL will be one of the highest in recent times ..

From Highest income source to lowest

>>>>-INDO-MAHATO-OIL----$5mill

last Qty CUE only received A$1.7mill in payment for the Mahato project ...

now as we know PSC with Indo Govt CUE takes 50% of production of their 12.5% interest... going from last Qty overall daily production 4800bopd ....
at A$150bbl average would see CUE rake in = A$4mill for the 90 days ... as we know a major payment for the March Qty was received early April(my lowball est A$1mill as they had uplifting costs )...
so as long as we got paid on time this month we could be looking at great JUNE Qty income from just Mahato of around A$5mill+
this of course should increase with the extra wells planned ...

>>> INDO - GAS +oil - Sampang-- $3.3mill

much the same only minor OIL flows + contract Gas ...

>>>NZ oil - $2.8mill++

Maari quarterly production was lower than the previous quarter due to a 10 Day planned maintenance shutdown during February
who knows if MR6a is back online ... but as long as we have solid production would think CUE share 19000bbls+ and along with much higher sales pricing >>

>>>>>AUS NT GAS .......$2.7mill est?

Early MAY we had the bonus of seeing some non contract gas flows sent to east coast markets seeing over $13/GJ is roughly double the average price Central received for non-firm gas in the March Quarter. Based on this pricing dynamic, an average of 1TJ/d of spot sales sold over 12 months could generate over $2m in additional profit.....

we can see the upside in Aus NT .. if PV comes in will add extra Gas flows to these higher priced markets along with Contract Gas coming off into much higher prices ...one could see CUE Aus gas assets adding many more million than the $2.5mill from last qty


So my rough JUNE Qty est ...Cash Receipts = $13.8mill Vs $10.3mill MAR qty

when you look at the Overall upside from all project and Higher energy prices ...Cash Receipts over $60mill pa should only be a matter of time..