@Android789 it shouldn't be hard for the company to show these figures and is common in other jurisdictions. If the company and the JV cannot ascertain their cost to produce a Barrel of Oil and an mcf of gas then they are incompetent. They should know exactly what it cost them to produce a barrel of oil otherwise they cannot make informed investment decisions and properly allocate capital to the wells or field that will provide the best return on investment. The cost of bringing wells online (CAPEX) is different from the operational cost (CAPEX) and will be accounted for differently.
I reality the company should know
- Production (Oil and Gas)
- Average Realised Price (Oil and Gas)
- Royalties
- Operating and Transport Expenditure
- Operating Netback (Average Sales Price - Royalties - Operating and Transport Cost)
- Capital Expenditure (Cost of bringing on new production)
These can be presented in whole numbers and a BOE rate. And is commonly separate by field.
Have a read of SEDAR https://www.sedar.com/ and the MD&A filings for various Canadian oil and gas companies. All the above information and more is clearly laid out on a quarterly basis. You can even go back and review Highwood Oil (Red Earth Asset) and Zargon (Alberta Plains Assets) for all the historical information about these fields.
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