CLR Courbet initial results, page-34

Hi mate

There is a lag of 2-3 months because whilst wells produce constantly, reporting to the tax office is not done daily, but monthly. Sales revenue receipts also lag production as oil is typically stored at the field for days, weeks after production before it is transported and sold. Gas and NGl's are typically paid 1 month in arrears as the raw gas is processed to extract impurities and NGL's . There is also be a reporting lag from the operator as most report at month end.

Oil produced on the last day of June may not be sold until mid July, so reporting for June in terms of receipts to the tax office and tax remitted may not be done till late / end July, and the office doesn't report immediately either.

July production numbers will start to appear mid September, but not for all wells and streams.

For BRK for example, there are no oil production numbers for Flames and Rangers for April, May June, and no Jewell gas production for those months either, even though the wells have been producing oil and gas over that period.... in a month or 2 there will be a data dump by the office and these gaps will be filled.

Cheers

Dan