so what is the OPEX & Abandonment provisions for each field per barrel?
They all differ!
Alberta Plains
Red Earth
ABC
March Quarterly 2020
Alberta Plains production 421 BOEPD x 20% = 84 BOEPD net SGC
Red Earth production 1010 BOEPD x 30% = 303 BOEPD net SGC
Total = 387 BOEPD net SGC
note:
Los Medanos project
Dutch Slough Field
Malton Project
Alvares
Mutual interests field developments with XST earmarked for appraisal but 100% owned Rio Vista which costs SGC nothing to farm out for free carry benched. Consolidate XST and merge the 2 companies for goodness sake!
June quarterly will be an interesting read
CAD Oil has to stay above $50 USD , Goldman Sachs are entitled to there opinion on $80 Oil. This makes me reminiscent of when Silver was around $30 USD heading to $50 USD and news was leaked out about Berkshire Hathaway owning a large holding in Silver which was bought around $10 to $20 USD. Silver did hit $50 USD and guess who was selling into the highs? A case of creating a rumor and selling the fact (Pump and Dump).
However I am a Oil & Gas bull for the medium term and IMO we will give $80 Oil a crack at some stage - but nothing moves in a straight line up!
sick off reading inaccurate figures and Pinocchio stories - bring on RIU - Good Oil Presentation.
Top 10 Oil Producer 2,000 BOEPD, page-115
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