AXE RFXL Anticipated Production On First Well FYI on debut of RFXL in commercial test application:
Axe owns all the production $ rights on this RFXL well test with exception 7.5% gross overriding royalty to Broadview Energy. This well is anticipated to operate at 20-60 m3/day (126-377 bbl/day), with the same royalty agreement on a second Broadview test within 5 years.
Forecasts at WCS Western Canadian USD select oil price:
126 bbl/day x $47 WCS x 30 day = $177,660 - 7.5% = $164,336/month USD
377 bbl/day x $47 WCS x 30 day = $531,570 - 7.5% = $491,702/month USD
This would be AXE gross $ oil income.