Long Run Explor Ltd Ord WFREF

RE:Cost per barrel

[Sumcan2]

Nat Gas has roughly a 6:1 ratio when determining a BOE it seems.
Total oil production and NGL for the last quarter was 16,102/day or , 1.45M barrells.
a $25/B drop would be $36.23M in less revenue.
Nat Gas production of 18693 BOE/d for the quarter would be 1.68M BOE/D. a drop of $0.70/Mcf would be approx. $4.20/BOE less or $7.066M less in Quarterly rev.
The total loss of rev for the quarter would be $43.3M so the estimated rev for the next quarter if production stays the same, revenue would be $123M. Last quarter the total expenses were $122,234,000 but they would be $131,984,000 without Gain on disposal of assets. It looks like they need to suspend the dividend and als scale back some CapEx

With Nat Gas being at $4.00/Mcf and a 6:1 ratio to get a BOE would be $24/BOE
Are they losing money on Nat Gas ? Is Oil subsidizing NG? Please comment. Thanks