OTCPK:AETLF - Post by User
Comment by
pppon May 27, 2015 3:12pm
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Post# 23770737
RE:RE:RE:RE:Credit facilityo
RE:RE:RE:RE:Credit facilityo Outlook
Oil prices have staged a modest recovery over the past two or three months. Operating margins that averaged $11.74 per barrel of oil equivalent in the first quarter are estimated at $17.19 per barrel of oil equivalent for the second quarter. At WTI (West Texas Intermediate) prices in the mid-$60s (U.S.), Arsenal's development portfolio delivers acceptable rates of return. The company plans to drill one Viking exploration well at Provost, Alta., and five Detrital wells at Princess, Alta., starting in the third quarter.
So over all gas included they are making 68,760 per day or 6.18 mil per quarter approx based on todays prices not bad in my book