WBE 0.00% 0.7¢ whitebark energy ltd

Ann: WBE Completes Hydraulic Fracture Stimulation at Rex-4, page-24

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  1. 1,873 Posts.
    lightbulb Created with Sketch. 371
    Someone asked about how much profit WBE will make when Rex 4 starts pumping oil at 300 bopd and with gas flowing at 1,400 units per day.

    I didn't really know then. I have communicated with the company and they said at $85 oil and $4 gas the net backs are $65 for oil and $3.75 for gas.

    So oil profit is 300 X $65. = $19,500 per day

    Gas profit is 1,400 gj X $3.75 = $5,250 per day

    Total profit per day = $24,750 per day.

    First month total = $742,500

    we'll see what happens

    Saltbus
 
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