Not quite, those costs are per BOE, not just oil. BRK produce oil, gas and NGL's so you have to have a BOE price to match the BOE cost base.
The current BOE price BRK get is ~US$ 58, it is a high number because oil makes up over 50% of the production stream at the moment, and NGl's make up the other 30 -35% with gas ~15-20%.
To work out the BOE price for using the last production numbers as a base., the Jewel was producing 1727 BOEPD made up of
973 barrels oil at say US $ 80
440 barrel NGL at US$ 32
314 BOEPD gas at US$ 5 per mcf of US$30 per BOE
The total daily revenue is 973 x US$ 80 +440x US$32+ 314x US$30 = US$77,840 +Us$14,000 +US$ 9400 = US$ 101,240.
To get a BOE price divide the total revenue per day by the BOE per day or US$101.240/1727 = ~US$58.62 per BOE
We need to avoid using the oil price as the multiplier in a multi stream revenue base, we always need to try to convert into a BOE price estimate for that revenue stream. As the % of production changes we need to adjust the calculations along with the changes in prices.
Hope that helps
Cheers
Dan
- Forums
- ASX - By Stock
- BRK
- Banter and General Comments .. BRK
Banter and General Comments .. BRK, page-2135
-
- There are more pages in this discussion • 9,742 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRK (ASX) to my watchlist
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.50M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $691.0K | 62.98M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
64 | 34244392 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 19538274 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
64 | 34244392 | 0.010 |
16 | 10124757 | 0.009 |
6 | 847432 | 0.008 |
3 | 930000 | 0.007 |
3 | 1500000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 19538274 | 10 |
0.012 | 14632249 | 24 |
0.013 | 22881730 | 18 |
0.014 | 21378997 | 18 |
0.015 | 5299920 | 10 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
BRK (ASX) Chart |