TSXV:SOU - Post Discussion
Post by
nozzpack on Aug 28, 2022 8:45am
Q3 Revenues Will Exceed $20 million
Simple calculations.
- Estimated July, 2022, revenue for the three-well pad site of over $3.6-million.
- $10.2 million Q2 legacy Production divided by 3 months = $3.5 million
- Total Monthly Production for July = $3.6 m + $3.5 m = $7.1 m
$7.1 million times 3 months = $21.3 million for Q3 of 2022
This May be conservative as new 3 Well Pad currently on Gen 2 production which should increase once Gen 3 is instituted .
Looking ahead to the 5 well program beginning in Oct, and derivative Gross revenues will come close to $ 200 million US Annually.....at some point in Q2 of 2023 when fully producing at breast plate capacity
Gross margin should be in excess of 60% of gross revenues
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