Long Run Explor Ltd Ord WFREF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:LRE - Seeking Alpha

[2015ideaman]

ppp wrote: Ok so gas does not make us any CF.

So about 40% of the oil is hedged at 93 Us or 116 can

Total oil production about 14000 bbls 43% of 33,000 bbls a day
so out of the 14000 we have 40% hedged or 5600bbls at 116 can .
Leaves us unhedged production of 8400 at about 60 Can as quoted by First Energy

So hedged rev per day is 649,000   
Non hedged 504,000
total  oil rev 1.153 mil per day on on the 14000 bbls of oil production.
total production expenses 22 dollars x 14000  308,000 per day
Cf 842,000 per day

At these calculations this stock should be selling at $50 not $1 - you must be missing something?