OTCPK:VGIPF - Post by User
Post by
TheRock07on Apr 24, 2013 7:40am
308 Views
Post# 21293590
Q1 price received higher than forecast
Q1 price received higher than forecast Edmonton light oil ( Par ) averaged $88 per barrel in Q1.
https://www.nrcan.gc.ca/energy/sources/petroleum-crude-prices/crude/2300
RPL also had 65 % hedged at $93.94 in Q1.
RPL Forecast price received was $85 per barrel.
It would appear that RPL's received price in Q1/13 was about $5-6 per barrel higher than forecast which would have added about $2 million to gross sales in Q1.........lower netback must have been due to higher costs elsewhere in the system..