You are on the right track, but the revenue of $264,344 is not included in the $1.05.
He used the term "Accrued sales income for gas and liquids." Using the term accrued in accounting means no money was received for those sales. The total of $1.05M is payable to the company and includes some gas and liquid sales.
You are on the right track, but the revenue of $264,344 is not...
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