august production update Wade, can you please provide us with the estimated loss of oil production for the august update and also with each update there after.
We got about $7 million in July for exerise of options
10% theft for July
no underlift (cost us about $10 million in Q2)
we probably only get 50% of production for Q3
oil prices are higher so far for Q3
We should be able to add at least 25 million to cash for Q3 - easily pay for the Q3 dividend
Q4 - probably will get in the 70-75% range of production (pay forUMU 10)
-keep theft in 8-10% range, oil prices are hopefully stable, production remains stable
this would make Q4 dividend easily payable.
By this time we are hopefully only 6 months away from the other pipeline being operational. Then 5c a quarter is easily attainable and can probably be increased.
Next catalysts
1) UMU 10 updates
2) Shell pipeline deal (this is so huge) I want to see something within a month from now