OTCPK:MAUXF - Post by User
Comment by
righand2on Dec 07, 2014 6:49pm
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Post# 23204553
RE:Post Umugini financial performance
RE:Post Umugini financial performancemjh9413 wrote: Last qtr ~8,000 boepd resulted in $33MM cash flow at ~$110 average realised price. So, taking a potential of 16,000 boepd as a marker (as we have less lost oil and increasing flows of oil from field) at a $70 realised price should give about $45MM to $48MM cash flow on same share count.
How do you come up with that result? $33 million of cash flow at 8000boed means they got about $45/bbl netbacks. Subtract $40, and what do you get?