I had assumed 1250 bopd though 1300 bopd confirmed so i have updated forecast accordingly and anticipated revenue is in line with that announced in the Dec Qtrly report.
With costs at USD35 my forecast surplus for this qtr (incl. 770k well pump cost to be paid) is an operational profit of:
Mar Qtr : 181k
Jun Qtr : $1.03m
If exploration costs come in greater than 40k this will decrease . Also payment re legal case of $1m plus costs may come out. Otherwise looks great for a $5m company with significant upside to increase in POO. .. $5 increase adds $435k to bottom line each qtr.
Ann: Investor Presentation, page-11
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