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Kolibri Global Energy Inc BNKPF

Energy
Kolibri Global Energy Inc, formerly BNK Petroleum Inc is an exploration company. It is focused on the acquisition, exploration, and production of oil and gas reserves. The company owns and operates shale oil and gas properties in the United States. Its segments include the United States, Canada and Other.


GREY:BNKPF - Post by User

Kolibri Global Energy Inc > 1st quarter results
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Comment by xmasteron Jun 02, 2017 4:34am
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Post# 26315095

RE:RE:RE:RE:RE:RE:1st quarter results

RE:RE:RE:RE:RE:RE:1st quarter resultsBroker their cost per boe was $51.16 in first quarter.

Here is how I calculated it:
Total revenue from oil: 2,809,000
total profit in quarter: 1,381,000
total loss excluding hedges: 1,381,000 - 2,039,000 = 658,000

so they really had 681k loss in quarter.  this is 23.42% of total revenue.
now they said that average price without hedges in quarter was $41.45 so I will multiply it by 1.2342 to arrive to cost of production which is $51.16.

so they won't be profitable at 50 but won't be making huge losses.  55 to 60 would be great for us I think.
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