RE:RE:RE:decent Q1 numbers out...I was referring to page 6 of the MD&A where they say they produced 428 barrels in Q1 but either used or stored 318 barrels in the field. It also says they had 71 barrels for take or pay contracts.
Do they not have to pay royalties on the full 428 and would it not result in a very low netback for the 71 that they sold?
I would also like to know how you copied and posted the chart as I would do the same but this my sexond attempt and I doubt it will post properly. SH does not make it easy.
Corporate (boepd / bopd) Natural gas and LNG production(1) 32,128 31,487 2% Colombia oil production 428 256 67% Total production 32,556 31,743 3% Field consumption and inventory (318) (286) 11% Total corporate sales 32,238 31,457 2% Take-or-pay volumes (2) 71 14 407%
GLTA
mjh9413 wrote: They have only US$345K in inventory but no idea if oil or gas. Prepaids, which includes medellin-related pre-construction costs plus other things. So, don't know how much out of total $13MM is for medellin but imagine it's small on counts of both what it is and versus all their new borrowings!!!