FINANCIALS OUT-back on track :)Highlights
• The Company reported net income of $499,659 in Q2 2021 as compared to a net loss of $450,652 in Q2 2020.
• Revenue was $2,205,448 in Q2 2021 as compared to Q2 2020 revenue of $134,556, an increase of $2,070,892.
• Q2 2021 realized oil price was $62.88 as compared to $54.59 in Q1 2020.
• Production increased by 27,372 boe in Q2 2021 as compared to Q2 2020.
Six months ended June 30 ( Tough to compare with a COVID year )
Revenue 2021 $3,860,705 vs 2020 $1,813,617
With strong oil prices in 2021 the outlook for the year looks very good
2020 Q4- Oil Price $ 42.66
2020 Q3- Ol price $ 40.93
2020 Q2- Oil Price $ 27.85
2020 Q1- Oil Price $ 46.17
2021 Q2- Oil Price $ 61.96
2021 Q1- Oil Price $ 57.84