Based on my previous assumptions on costs/revenues, I worked out a cash benefit of the increased stake in CH for the last Qtr as $1.098m. They reported $1.15, so my figures are pretty close.
Before admin/staff costs and before the well pump cost (still a bit to pay for that), qtr surplus at $2.04m and after those costs, approx. $1.576m - net profit. So looking at annualised $6m NET Profit with potential upside in price of oil.
Ann: Triangle to increase stake in Cliff Head and Operate, page-28
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