RE:RE:RE:100,000 buy order at 1.75
April presentation says NG production is 90.3mmcf/d, assume thats flat Q1 2014 vs Q1 2013. Natural declines offset by Edson drills.
So it really comes down to changes in price. I think it woul dbe fair to say $1GJ change from this time last year, so about $6 per boe netback. Royalties will be up but not my much, opex should be flat.
90.3x1000/6 = ~15,050 boe/d from gas x $6 x (31+28+31 days) = ~$8MM in additional cash flow for 2 months of production. My guess is that is a bit low and additional cash flow for Q1 is about 10-12MM.