More tables for those interested i am trying to get my head around cashflow and expenses vs production from the recent quarterlies all appears to be moving in the right direction the only noise i can gather is production in quarterly vs receipts i expect to occur one month later.
Key takeaways
- Revenue heading in right direction.
- Production appears to have a significant fixed cost component hence significantly greater Odin production in last Q has not had a significant impact on production cost. Will be good to confirm this is the case next quarter - production costs appear to be ~just under $4/mmcfd on average with revenue of ~$9/mmcfd on average.
- staff/admin cost per mmcfd produced appear to be heading in the right direction lets hope this trend continues.
This sort of analysis is something the company should be preparing to see the MEL investment case not a small shareholder - still noting from Ken or Philip lets hope they are in fact putting the final touches on a refinance of KBC and Odin 2/3 permanent connection in place ......
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More tables for those interested i am trying to get my head...
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