Ann: Well Completion Update, page-16

@James68 Hi James, thank you for your post,

By my scribble on the back of a note pad that was lying about, the 53% net royalty at your guesstimate of 150 bopd totals 29,017 barrels for a 12mth period assuming production is consistent.
29,017 barrels x $56(average price per barrel guesstimate) = $1.625mil in annual revenue from the new well..
Consolidated revenue for the half year, (jan - June/19), was $1.92mil.

We don't have up to date revenue for the 2nd half as yet, what we do have is cash receipts for the 3rd qrt and another guess for the 4th, which historically is the best trading qrt due to a spike in winter consumption and higher pricing. So some guessing will just have to do for know.
I imagine the 3rd qrt trade was around $889,000 and expect the 4th qrt will be somewhere close to $979,000, No real formula except the use of historical & recent date from cash and activities reports.
Total projected revenue for 2019 of $3.79mil.
$3.79mil + $1.625mil = $5.41mil projected revenue for 2020.
A 42% increase in revenue on 2019. Without accounting for any possible gas sales.

Will the results of this well have a material affect on the SP? I really couldn't say tbh, I'm hoping it will.
Cheers.

AIMO