RE: IAE News outKeep in mind with the latest aquisition should have around 1000 boepd to add to these numbers.
Assumption on cash flow based on last quarter $21 opex per barrel and Sept price for est @ $77 per barrel:
July 5211 * 54.65 = $284,781.51 per day * 31 = $8,828,215 cash flow
Aug 4816 * 55.29 = $266,276.64 per day * 31 = $8,254,575 cash flow
Sept 4560 * 56.00 = $255,360.00 per day * 30 = $7,660,800 cash flow
Total cash flow from Beatrice complex = $24,743,590
Add in Nigg terminal and the Gas (1000 boepd) will make for a nice quarter. Now add in current prices and one can see why the SP had to move up recently, next quarter should be over $60 per barrel cash flow if prices of oil hold. I see prices holding and maybe climbing some more from Asia demand. Spare capacity is going by the wayside as China is still selling more cars than the US every month. A large percentage of sales are to people who are buying their first car, ie: no trade in, so the number of cars on the road is still growing a lot. How long before they are the largest car market in the World? The oil spiket is pretty much on full blast, next year the oil market is going to get real tight, and that is without some major storm or Iran being agressive. IAE is going much higher in the medium term, patience will be rewarded with this Company. We all stand to make a lot of money even those still getting in at current prices.