This is a snapshot of my calcs:
April: 15,476 BO @0.75 NRI @ USD 108/BO avg = USD 1.25
May: 19,845 BO @0.75 NRI @ USD 100/BO avg = USD 1.49
June: 20,650 BO @0.75 NRI @ USD 95/BO avg = USD 1.47
TOTAL REVENUE = USD 4.21
May be some contract drilling revenue on top of that - no idea how much this is likely to represent?
As pointed out in earlier posts, forecast cash flow for Q4 was USD 5.28 million, but that included development costs of USD 2.754 million. Development costs from the previous qtr (Q3) were USD 2.83 million, so I suspect management has just assumed similar for Q4. In fact, there were only 6 wells drilled in Q4, compared to 8 wells in Q3. Possibly more focus on recompletions etc, but my guestimate is that development costs will be lower than Q3. On that basis, I they will be very close to break even, possibly cash flow positive if they have a reasonable amount of contract drilling revenue.
This is a snapshot of my calcs:April: 15,476 BO @0.75 NRI @ USD...
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