I understand from their June announcement they are selling rex-1 production as a medium grade crude 18.5API at around C$58/bbl.
So assuming that it reaches the lower end of the estimate of 400bopd that's around $23,200 gross at C$58/bbl (anyone keep an eye on pricing of oil grades?). Obviously transport and other opex costs have to come off that to get to net return.
if that is sustained fairly stable most of the year it's around C$8m gross. Maybe I am mistaken but I seem to recall seeing in one announcement the net was around the C$20-30/bbl.
Plus rex-1 production which i recall was last annouced around the 250bopd but it's had more time to run.
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