Okay so i have now tried to backsolve our "net production" out...

Okay so i have now tried to backsolve our "net production" out to December 2028... Its a bit time consuming so hope you all appreciate it



What have i gleaned from this so far (note these are rough figures as i have to make assumptions of what each production point is on the AGM graph)
Current Producing Wells from September 2024 to December 2028 are expected to produce around 812k BOE which based on $42 BOE and $10 costs is around USD$26m.
The FMDP to 31 December 2028 produces around 1.2m BOE around USD$39m.
We can therefore expect to have around USD $65m (2m BOE) by December 2028 if we didnt drill. But we are so what does that mean:

Next set of the rank I am assuming is Bruins, with production starting around August next year. How do we fund this, I assume this is from the cash generated from current, FMDP totaling around US$22m (680k BOE) and then potentially requires some of the debt funding. This will generate around USD$17m (540k BOE) by the time the next big green spike comes online (the Current, FMDP and first green) generates around USD$41m (1.3m BOE)

I havent tried to split out the green spikes into the different colours others but potentially could along with extending the timeframes

Note that i havent accounted for changes in BOE mix (more gas less oil as the wells age), I have taken simple BOE $ ($42) with a simple op cost ($10) assumption. When looking at the numbers, i have just assumed that once the well comes online it has used all the cash generated from previous wells.

As @danpech has mentioned before these wells produce for a long time, and as you can see the stacking of each development is what makes it so great.

Oh finally peak production in July 2028 is around 196k BOE i.e generating around $6m, with the first 6 months of production once the final set comes online will generate around 1m BOE or USD$32m (the 7th month produces around 146k BOE ($4.7m), 8th month 138k ($4.4m). but probably still need to offset the potential future debt that maybe required to drill some wells of USD$15m)