$2M / quarter (??) - well Y3 only produced $1.08M for the last 6 months & less $450k in production expenses == $626k (for 6 months). And if you actually read the quarterlies, the cash balance has actually gone down in last 6 months so other expenses are eating in to the cash balance / flow.
Y1 will only partially make up for the decline in Y3. Flow rate for Y1 == 1.8 MMscf/d (from flowback operations) gives ROG == ~$430k in revenue. Less the production expense (somewhere between $100-250k ??).
I'm not sure where you pulled the $2M / quarter (channeling Mav01 I guess) but using the figures provided by the company and simple maths tells me the net cash flow will be about 1/3 of what you wrote.
ROG Price at posting:
0.6¢ Sentiment: Sell Disclosure: Not Held
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