RE:Q2?From the May 2013 presentation to help you with your calculations (according to the presentation, your cost/barrel is too high:
Q1-2013 Illustrative Pro-Forma* ITHACA Valiant Combined
Total Production Kboe/d 6.5 8.4 14.8
Av. Realised Oil Price (excl. Hedging) $/bbl 106 113 110
Revenue M$ 59.8 90.2 150.0
Inventory Increase / (Decrease) M$ (3.8) (3.8) (7.5)
Operating Costs M$ (23.2) (14.2) (37.4)
G&A M$ (1.9) (7.4) (9.3)
Realised Derivatives Gain / (Loss) M$ 3.9 (0.3) 3.6
Cashflow From Operations M$ 34.8 64.5 99.5
CFPS – 316.9M Issued Shares $/Sh. 0.11 0.20 0.31
See the May 2013 presentation for better formatting.