Break down of well production.
October.
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"
.
-----
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.
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