I’m reading the announcement as $2m from 300 BOE / day. This is 300 BOE that they have established sales for.
I assume this will increase to $6-7m when the next 700 BOE / day is sold bringing 1000 BOE / day.
This fits with my prediction on my model of $5-7m cash.
Ann: Production and Estimated Cash Flow at Anadarko Basin, page-4
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