I have decided to update the estimated operating profit for the company in view of recent increasing oil prices.
1.Revenue oil at 1890 barrels a day at $103 Aussie $195,000.
2.Revenue gas per day. 4,000.
3.Total revenue $199,000.
4.Operating rig costs a day 6,000.
5.Salaries and overheads (est)per day 13,000
6.Operating profit a day. $180,000.
7.Operating profit a week $1,260,000.
I have decided to update the estimated operating profit for the...
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