To me the ratio of oil appears to be a problem.The ratio for...

To me the ratio of oil appears to be a problem.
The ratio for this qtr
694tj gas for 35,941bbl oil is 51.7bbls oil/tj (total prod)
(EGO share 24,710bbls)
The ratio estimated (quoted previous qtr)
CM was quoting 30,000bbls EGO share or 43,636 in total (which would have been inline with the original tests from both wells and probably production results when he made the statement. He was boasting up to 500bbls.day.
8tj x 92 days = 736tj gas @59.28bbls = 43,636bbls (474bbl/d)
(EGO share x 68.75% = 30,000bbls)

Down about $358,000 due to lower oil ratio
OR in total $529,000 due to ratio and down time

Assumptions
Oil at A$100/bbl
Ratios from both wells optimised.
GGW1 50bbls/mm
RG1 70-80bbls/mm

Refs The last two quarterlies