Gryphon and Certus GRoss profit over last 6 months, page-4

These figures are based on production volumes as reported in Quarterly report and David Deloub answers on investment hub.

And

The unit production cost as unit sales cost plus exchange rate etc.


So their is a back payment of around 1.6 million owed to SHE and by next quarter probably a similar amount.

Why has this money not been received ?

1) their is a 2 month delay accounting for around a million in delayed payments.


2) Maybe money is being held back to pay for new Certus well that take advantage of the Earned well options.
So payment is held in back to pay for these options.

In accounting our accountant said this was called 'Contra' , Do your own research on this of course as we are only guessing on why payments has not been received yet.