WEL 0.00% 0.3¢ winchester energy ltd

Ann: Gross revenue of US$847,414 (AUD$1.19M) for January 2022, page-15

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  1. 3,076 Posts.
    lightbulb Created with Sketch. 305
    Ive looked at it and i think that poster is referring to this ,

    https://hotcopper.com.au/data/attachments/4101/4101765-54ec9eede060866a67f4d37ebcd560a1.jpg
    January 2022 11.027 barrels per month


    https://hotcopper.com.au/data/attachments/4101/4101745-b5264ba92d52f57a1e3a57ba50f0c9f2.jpg
    December 2021 465 times 31 days = 14.415 barrels per month .

    https://hotcopper.com.au/data/attachments/4101/4101752-89e772818bec8aac6d17dd485f57b396.jpg


    https://hotcopper.com.au/data/attachments/4101/4101758-da0e008f939de7874021fe3bc49f0c09.jpg
    November 2021 12.863 barrels per month

    Maybe because the oil price is up they might be hold off pumping more barrels to get a better price or holding reserves back until they get Varn Oil Field drilled and pumping oil out from that project. A lot of other companies are doing the same thing they are not pupping more oil per month to keep the oil price between $90 to $100 a barrel and also they don't want to dry up their reserves just in-case oil goes to $200 which makes sense .
 
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