Based on CUE's hedging of US$86 per barrel for one quarter of its oil production and average current monthly volume of 60,000 barrels, the company are on track for record revenue.
I conservatively put an average of US$80 a barrel for total production of oil
This equates to US$4.8 million per month
Assuming Australian dollar parity with the American dollar and the $3.69 million dollars earned from gas production based on March quarter 2010. the total monthly income would be AUD 8.49 million dollars
So in theory the revenue of petroleum products for the June quarter 2010 could be over AUD$25.47 million
Please correct me on these figures if you think I am off target
cue to hit record revenue june quarter 2010
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