Carcetti Capital Corp V.CART.H

RE:RE:NRU potential output

[shdave]

BOTTOM of https://www.cubenergyinc.com/investor/glossary/

Glossary of Terms

MEASURES
Units of Measurement

Oil and natural gas liquids		Natural gas
bbl	Barrel	Mcf	thousand cubic feet
bbls	Barrels	Mcm	thousand cubic metres
Bbbls	billion barrels	MMcf	million cubic feet
Mbbls	thousand barrels	Mcf/d	thousand cubic feet per day
MMbbls	million barrels	MMcf/d	million cubic feet per day
MSTB	thousand stock tank barrels	MMBTU	million British Thermal Units
bbls/d	barrels per day	Bcf	billion cubic feet
BOPD	or bopd barrels of oil per day	Bcm	billion cubic metres
NGLs	natural gas liquids	GJ	gigajoule
STB	stock tank barrels	Tcf	trillion cubic feet

Conversion

To convert from	To	Multiply by
Mcf	Cubic metres	28.3168
Thousand Cubic metres	Mcf	35.31467
bbls	Cubic metres	0.1157
Cubic metres	bbls	8.64
Feet	Metres	0.305
Miles	Kilometres	1.609
Kilometres	Miles	0.621

Oil and Gas Equivalents

A barrel of oil equivalent (“boe”) or units of natural gas equivalents (“Mcfe”) is calculated using the conversion factor of 6 Mcf (thousand cubic feet) of natural gas being equivalent to one barrel of oil. A boe conversion ratio of 6 Mcf: 1 bbl (barrel) or an Mcfe conversion of 1bbl: 6 Mcf is, based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead and is not based on either energy content or current prices. While the boe ratio is useful for comparative measures, it does not accurately reflect individual product values and might be misleading, particularly if used in isolation. As well, given that the value ratio, based on the current price of crude oil to natural gas, is significantly different from the 6:1 energy equivalency ratio, using a 6:1 conversion ratio may be misleading as an indication of value.

So if $7.22/Mcf what  do we get Dollars per day??