June 30, 2022 Debt Level
How much lower will Crew's debt be at June 30, 2022.
We know the following:
- Net debt at March 31, 2022 was $392.4M
- Q2 Capex is expected between $8-12M
- Q1 Realized Natural gas prices was $5.29
Assuming realized Q2 natural gas prices are an extra $2.
Production for Q2 is likely lower than Q1
Could Q2 2022 AFF be $100M? I think Crew will fall a bit short, but I think it could be slightly higher than $90M.
31/3/2022 Net debt: $392.4M
Q2 AFF: $90M
Q2 Capex: ($10M)
30/6/2022 Net debt: Around $312M ?