RE:RE:RE:RE:RE:RE:RE:Crunched q2 numbers 4 h2 forcastNetbacks should increase Q3 and especially Q4 if everything else holds constant as new Cardium production will be an increasing % of production...
New Cardium production has lower Royalty rates (so royalty rates could stabilze abit downwards per barrel) and new Cardium wells have cheaper operating costs.
Each new barrel in cardium has really good netbacks for at least first 1.......
Probably why OBE is rushing to drill as much as possible as fast as possible within reason of debt repayment....
Furture is really bright....
Kramerkarma wrote:
on Twitter I used 2 calculations. One using wti -18 and the other using historic 60% of wti. Just rethinking seeing these messages I said costs could fall but never mentioned or added in rising royalties. So roughly 60M$ debt repayment after increased royalties H2