RE: qwqw "Your netback is not realistic. The netback will be closer to $30"
I'm referring to field netbacks which are around $60.
Q4 cash flow would of been around $250,000 had it not been for one time production
costs from under charging previous quarters.Since management and borrowing fees
were covered during Q4 new production field netbacks go straight to cashflow.
"Anyway, they are about 200 bopd. That will give them revenue of about $2 million for '12"
Revenue from 200 bopd would be closer to $5.5 mil.
Current oil production is around 300 bopd. For Q4 2011, the Macklin wells were just starting up.
The first well was going the entire quarter but the other 2 were only going in December.Diaz
drilled another 3 Macklin wells in March 2012 adding over 100 bopd net.