Awesome
Have been looking at the numbers and lets look at the oil price implications on current production
June - 323 BOPD - $443k USD- $44.85 realised per barrel (Note indonesian share drops value realised)
July - 396 BOPD - $533k USD - $43.45 realised - Increase in indonesian production
Lets project august based on july production
396 BOPD - 12,276 Barrels
Oil has increased 10% on July already - $586k USD
From Cooper basin alone they are forecasting a doubling of production from 120 BOPD to 240 odd
This adds another 3,600 Barrels per month - This amount @ $85USD is going to add another $300k in USD revenue.
We will be looking at over $900k in USD (1,350k AUD) per month moving forward without taking into account exploration and expansion.
Now lets look at quarters and potential implications for cashflow.June QTR - Produced 29,480 barrels @$74.80 per barrel
Produced $175k USD net inflow from operations.
What do we know about this current QTR so far?
| Month | Cooper Basin Production | Cooper Basin $ | Indo Production | Indo $ | Total Production | Total $ |
|---|
| 1 | July | 3,598 | $433K AUD (120.58 AUD per barrel) | 8675 Barrels (4771 Net) | $536k AUD ($74.11 USD per barrel) | 8,369 | $969 AUD |
|---|
| 2 | August | 3,600 | $450k ($125 AUD per barrel) | 4750 Net Barrels | $570k AUD ($80 USD per barrel) | 8,350 | $1,020 AUD |
|---|
| 3 | Sept | 6,500 (Increase production) | $845k ($85USD per barrel) | 5000 Net Barrels | $637k ($85USD per barrel) | 11,500 | $1,482 AUD |
|---|
Based on July QTR - total overheads for cashflow statement - operating activities - $2,100k AUD
$3,471K AUD Revenue
Looking at a cash inflow from operating of about $1 million AUD.
Not bad for a company operating at $30 million AUD MC considering the huge upside of exploration etc.
