Long Run Explor Ltd Ord WFREF

RE:OK ppp

[ppp]

Royalities  2.04 this is much lower than Q1 when they whare over 6 dollars

Transportation 1.53

Production     11.55 

GandA           2.53

Interest          2.75

total             20.40    

info taken from Q2 MD and A

Decline rates 30%  they need to replace 10,000 bbls to stay even cost per flowing
24,000   240 mil CF to  stay at 35,000 bbls

Oil and gas price needed for Cap X

35000 X 365 12.775 mil bbls per year 
240 mil div by 12.775  18.78 profit margin on oil and gas. add above costs of 20.40        total price needed oil and gas mix  39.18

Their royalities where low this quarter  
So add an other  4 dollars 


This does not include hedging