RE:RE:RE:auburn2 alias: The definition of ridiculousness vs YGR, WCS Gran Tierra also updates its expected ranges of 2019 expenses and operating netback as shown in the attached table.
2019 BUDGET Previous Revised Brent oil price ($/bbl) 65.00 65.00 Expenses ($/boe) Transportation and quality discount 11.00 to 13.00 10.00 to 11.00 Royalties 9.00 to 10.00 9.00 to 10.00 Oil and gas sales price ($/boe) 42.00 to 45.00 44.00 to 46.00 Operating costs 9.00 to 10.00 11.00 to 12.00* Transportation (pipeline) 1.50 to 2.00 1.50 to 2.00 Operating netback ($/boe) 30.00 to 34.50 30.00 to 34.50
Operating costs are expected to increase relative to previous guidance due to a temporary reduction in production and higher power generation, field operations maintenance and equipment rental costs during the first half of 2019.