EGO 0.00% 12.0¢ empire oil & gas nl

Expected Cash inflow, page-2

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    I then go to

    Of the $1,578,000 Qrtrly cash flow. possibly all of that except $50,000 is due to Condensate sales

    Condensate production

    Sept Qrtr 27,121 (92 day qrtr) 295 B per day

    June qrtr 29,985 (91 Day qrtr) 329 B per day

    To estimate cash receipts on a between 30 and 45 days commercial terms I will use 2/3 of the June qrtr production and 1.3 the Sept qrtr

    Ergo

    $1,528,000 of cash recied for the qrtr account for the supply of 29030 barrels of condensate

    or $52.65 per Barrell

    And of course yield of Condensate is reducing

    Still thinking
 
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