RE: RE: Production is down about 1000 bodNice, this will make for good quarter with excellent cash flow, as they hit the down time at while the price of oil was lower.
"January 7,073 3,375
February 9,351 4,464
March 9,904 4,739
The average realised price for production in January was 72.133 $/bbl and in February was 77.392 $/bbl (before hedging and additional price uplift at the point of sale to a third party). Deliveries for March are currently being priced."
So Jan net back $54*3375*31= $5.64 million
Feb net back $59*4464*28= $7.37 million
Mar guess net $60*4739*31= $8.81 million total for quarter $21.82 million
That is some nice cash flow during some down time. No talk of water with Jacky yet seems positive.
"Recent rates from Jacky and Beatrice exceed 13,000 bopd gross (6250 bopd net to Ithaca) as metered at the platform."
Nice cash flow with oil above $84 - 18= 66 * 6250 = $412k per day possible 12 million for April GLTA