Surely the best quarter ever but best is yet to come.Just analysing the production numbers so far this year and what we may expect for the year.
The Q2 production number where the result of 73 746 BOE /day
Q1 .............................................................76 024 BOE/day
Updated guidance for the year :Average 78 000 -80 000 BOE /day
The cherry on the cake ...... Q4 forecast 81 000-83 000 BOE /day
The numbers are exceptional and the Q4 could be 10 % better than what
BIR has produced in the Q2
About the selling price
Q1 Q2
LIght oli $ 115 47 $135 91
Condensate $ 121 56 $138 28
Nat gas $ 5 40 $8,61 + 60%
Total selling price
Q1 Q2
$ 285 965 M $ 394 315 M or an increase of 38 % Q1/Q2
Those numbers are the basic numbers and show that BIR iwill keep on
delivering outstanding results and dividend.
''annual common share dividend in 2023 to at least $0.80 per share ($212 million annually), subject to commodity prices ,,''
Hang on to your shares