Great post and explanation cmonaussie,Given the June update...

Great post and explanation cmonaussie,

Given the June update graph had april boe at 3500 and may at 4600
I was wondering if you could calculate June from the quarterly.

I am right in calculating the quartlerly income is the gross income and is prior to deductions like royalty, LOE etc and these deductions make up the production costs.

Thanks in anticipation.
You are correct in that this is misunderstood. Does an industry standard apply for accounting purposes as announcements of B O production, then BOE production then income in quartilies when a company is growing production from different wells makes for spreadsheet fun when you are trying to forecast future cashflow!
Maybe the BOE graph is the best tool.