EKA eureka energy limited

reported production and revenue discrepency

  1. 3,725 Posts.
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    Hi,

    As per the last quarterly, the cummulative share of production for EKA is 113 MMcf and 32848 Barrels of oil (from post farm in wells) before royalties.

    At a price of average $85 for oil and $5 for gas (liquid rich attracting 25% premium), this works out to be $3.35 million before royalties or approx $2.5 Million after 25% royalties.

    The revenue shown so far is only $1.53 million

    Will the extra $1.0 million be shown in the current quarterly ??

    I am curious because as per today's presentation figures for August production, they should have pulled in $1.0 million for August only.

    So this quarter may be a $3.0 million quarter at least - this may create some interest in the market.

 
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Currently unlisted public company.

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