Certainly an interesting set of numbers. 5B receipts from...

Certainly an interesting set of numbers. 5B receipts from customers $24,847,000 for the quarter, Page 3 revenue $21,600,000 from gas and electricity sales. I'm going to assume the difference of $3.2m is pipeline transport fees.

57,034MWh of power at an average of $186/MWh is $10,608,324, so

$21,600,000 - $10,608,324 is $10,991,676. Gas sales of 2.59 PJ for the quarter, or 2,590,000 GJ. I'm going to assume the difference between supply and sales is SUG (system use gas).

$10,991,676 / 2,590,000 = $4.24 /GJ

Now $3,200,000 / 2,590,000 = $1.23 /GJ (transport fees, probably a bit high, normally around $0.8/GJ

$4.24 + 1.23 = $5.47/GJ, which is pretty much bang on what the QGP trades at for long term contracts.


For back checking, OpenNEM electricity revenue for the quarter is $11,218,000, so that validates the power estimate as well.

If somebody wants to they could probably plug the well gas projections into that $/GJ and get an idea of next quarter's revenue.