TL,
YTD is 36,627 barrells (last 3 qtrs) with YTD revenue of $3.518m or $96 per barrell (as you have stated).
Isn't the Production Cost $1.945 m (YTD, last 3 qtrs) providing a production cost of $53 per barrell.
Result is a margin of $43 per barrell ? Please correct me if i'm wrong though i don't believe so.
So for last 3 qtrs, this shows a margin of $1.57m of which CTR earn 60% or $0.945m .
Or on an annualised basis approx. $1.18million to CTR, from Aztam 4 after production cost.
How much did the well cost as i'm interested what the payback period is.
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