Ann: Quarterly Activity and Cashflow Report, page-14

During the the quarter from April to June 2022 the price was at a approx mean high of around 105$ aper barrel, this last quarter its average was around 80$, so it was 31% higher in 2022.
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Also the production rate was higher then at around 26000 BOE/PM versus the current 1700 BOE/PM ,last year production was 50% Higher.
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So 50% higher* 31% higher=1.5*1.31= 97% higher.
Give or take margin of error in estimate of BOE pm and mean prices this adds another 15% of uncertainty. Also receipts may have been delayed from quarter in April 2022 and instead making it into June 2022 quarter inflating the quarter results. I know this has happened before with SHE..dont' know what month it was.
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This only accounts for some of the decrease in receipts ..so probably delayed.
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$AUD extracted from the wells has halved as to be expected after the initial high production rate of the Jewel well and the Higher price of oil at the time and lagged receipts.
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It was fortunate that the high production rates coincided with elevated Prices of oil .
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It appears that current production over last quarter has flattened out, but prices look as if they are again rising and Production should again increase thanks to the Certus well so maybe have a repeat of the Jewell well, and if that is successful SHE has the opportunity to invest again continuing the increase in production.
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