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clock Created with Sketch. 23/01/15
17:22
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Originally posted by cmonaussie
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MMMJ - YASNYQ3-10Q shows: "Lifting Costs" = $33.61/Boe "Cash Costs" = $63.43 Average Realized Price/Boe BEFORE derivative settlements (its was taxes are based on anyways) = $75.01/Boe Cash Margin = $11.58/Boe Q4'14 avg = $55.83 Now SSN has made pre-announcement of Q4 production = 48,670 BOE estimate Q4 Realized Avg before derivatives = $53.18/Boe Q4 Lifting Cost estimate = $35.84 ( think that seems a little high but we shall see in due course)Q4 Cash Cost estimate at $63.92 and a Cash Margin of -$8.09 before derivatives! SSN does have Q4 hedges to settle - estimated @ $997,963 .(swaps of 5,098Bbls @$105 and a further 13,616 @$97.92 which together are estimated as settlement of $823,765 and also another 5,098 Bbls @$90 put worth estimated $174,198). Q4 hedges worth in $/Boe terms about $20.50/Boe.
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I don't know, perhaps it could be time to release the chokes, me finks.
