4th quarter revenue estimateI confirmed with management on the 4th quarter revenue estimates with the following parameters:
Oil 6,500 boe/d @ 50.00 (WTI less 5.00 discount) U.S @1.33 @ 92 days @70% oil = 27.8 mill
Oil 6,500 boe/d @ 12.50 (NGL price 25% of oil) U.S @1.33 @ 92 days @30% NGL = 3.0 mill
Natural Gas 7,500 boe/d @2.00 CDN AECO @92 days @6.00 conversion = 8.3 mill
Total 4th quarter revenue estimate of 39.1 million
Total 3rd quarter revenue acutal of 31.6 million
Total 2nd quarter revenue acutal of 36.4 million
Total 1st quarter revenue acutal of 39.9 million
You can put in the various prices to see the sensitivy of the prices.
AECO prices have been averaging more than 2.00 CDN, I am being conservitive
I think (hope) the production comes in at the expected rate