Mitchdon,
The revenue you quoted from the June qtly report was not earned from the production of that quarter. The reported revenue is from the sales they made during the quarter.
That reported revenue came froma tanker of oil they sold that was produced over a period much longer than a Qtr.
Use the numbers and formulae in my last post and you will see the true picture that will be reported in the next quarterly report.
Do the Math - Episode 2, page-20
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