Initial Certus well break downOctober 2023 $CAD/$AUD =1.149
BOE or mcfper Day (100% NWI)
BOE or mcf per day (26.25% NWI)
sale price per unit $AUD
revenue/ day
productioncost$AUD
unitprofit (AUD)
Gross profit / day
Gross profit / month AUD
Gas(mcf)
3,412
896
3.13
2,799
1.57
1.6
1,389
42,257
condensate
220
58
127.99
7,391
5.95
122
7,048
214,363
NGL less fixed cost (6263.5 CAD)
445
117
20.50
2,394
6.04
14.5
1,688
44,217
Sum
4,077
329
12,585
10,125
300,837
. November
Initial Certus well break downNovember 2023 $CAD/$AUD=1.1492
BOE or mcfper Day 100% NWI
BOE or mcf per day (26.25% NWI)
sale price per unit $AUD
revenue/ day
productioncost$AUD
unitprofit (AUD)
Gross profit / day
Gross profit / month AUD
Gas(mcf)
3,200
840
3.05
2,558
1.57
1.5
1,236
37,583
condensate
190
50
106.88
5,330
5.95
101
5,034
153,103
NGL
370
97
20.00
1,942
6.04
14.0
1,355
34,138
Sum
3,760
292
9,831
7,624
224,824
. December, (assume same as November as have no exact figures from DD) .
Initial Certus well break down January 2023 $CAD/$AUD=1.1492
BOE or mcfper Day 100% NWI
BOE or mcf per day (26.25% NWI)
sale price per unit $AUD
revenue/ day
productioncost$AUD
unitprofit (AUD)
Gross profit / day
Gross profit / month AUD
Gas(mcf)
4,650
1,221
3.05
3,717
1.57
1.5
1,796
54,613
condensate
204
54
106.88
5,723
5.95
101
5,404
164,384
NGL
370
97
20.00
1,942
6.04
14.0
1,355
34,138
Sum
5,224
361
11,383
8,555
253,136
.
Initial Certus well break down February 2023 $CAD/$AUD=1.1492
BOE or mcfper Day 100% NWI
BOE or mcf per day (26.25% NWI)
sale price per unit $AUD
revenue/ day
productioncost$AUD
unitprofit (AUD)
Gross profit / day
Gross profit / month AUD
Gas(mcf)
6,000
1,575
3.05
4,796
1.57
1.5
2,317
70,469
condensate
235
62
106.88
6,593
5.95
101
6,226
189,364
NGL
370
97
20.00
1,942
6.04
14.0
1,355
34,138
Sum
6,605
430
13,331
9,897
293,971
.
Gryphon Well (have ignored maybe condensates and ngl which are very profitable.)
Initial Gryphon January well ip60 $CAD/$AUD=1.1492
BOE or mcfper Day 100% NWI
BOE or mcf per day (26.25% NWI)
sale price per unit $AUD
revenue/ day
productioncost$AUD
unitprofit (AUD)
Gross profit / day
Gross profit / month AUD
Gas(mcf)
908
166
3.05
505
1.57
1.5
244
7,414
light oil
140
26
124.80
3,189
33.60
91
2,330
70,876
NGL
0
0
20.00
0
6.04
14.0
0
0
Sum
1,048
54
3,693
2,574
78,290
. And for February assumed the same as January . No indication of what the NGL or condensates are , just "Barrels of oil" and "Barrels of oil Equivalent" .
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Add up all the months and wit looks as if the two wells have generated a profit of around 1.45 million, or 30 % of the total investment.
. The better than expected production of Certus offsets the less than expected production of the Gryphon well. They are together in line to payout the original investment of 4.5 million within 18 months, so overall all is going according to the forcast David indicated mid last year in the investment hub, i.e. payout mid within 18 months , the remainder is pure profit . . Hopefully we will see additional profitable wells this year.
