CTR Fundamentals, page-2

Finally a post with substance.

I question your netback figure of $65. I recall working out netback for A4 for 9 months of production and stood at $35 per barrel.
Based on last qtr financials, netback equates to $28 per barrel based on 60% of the 14,000 odd barrels of production and the financials as read.

Given POO has declined some $20-$25 per barrel since last QTR I would expect netback to currently be sitting at circa $5-$10 per barrel.

As I said before, don't be surprised if A4 gets shut in.

Note: Netback = Gross Revenue - Production Costs