To but in, if it helps: 3,300,000 is the flow rate (3.3mmscfd) Multiplied by 0.8 to remove 20% impurities gets 2.64mmscfd of sales gas This is then multiplied by the stream days (65) Which gives the amount of cubic feet of sales gas produced in the period (171,600,000) This is then converted to GJ (181,051) ~948 scf to a gj This is then multiplied by the net price received ($6 being roughly $8-$2 costs) to get the $1.086m figure. MEL share is then 1/4 of that, giving $271,576 gross profit for the quarter.
I think there may have been some confusion around monthly/quarterly.
With current production rates we could expect a 10% uplift to ~300k per quarter and long term hopefully another 30% uptime...giving circa $400kper quarter.
MEL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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