RE:Sean in mail explaining Lets assume the deal closes in February of 2023.
So thats 5 months of interim production and cash flows to the bottom line.
I assume at least $85 US Brent during that time periodof Sept 2-22 to Feb 2023.
Production costs are $30 US per barrel which means $50 US per barrel of primary cash flows.
So, 21,000 bpd ** 150 Days @ $80 US per barrel = $270 million in Gross sales and $175 million in primary cash flows .
Less 8 % of Gross super royalty = $20 million US
Less 9 wells drilled @$ 3.5 m per well = $30 million US
Less G & M = $ 5 million US
Less sustaining capital = $5 million US
Total = $ 60 million US
Net cash flow before taxes =$ 115 million US
Less 10 % deprec = $100 million US
Less 50 % IT = $ 50 million US
So, very rough but about $65 million US in Surplus cash will be available as working capital attributable to these assets assuming closing on Feb 1 2023.
How will this if any come to Valeura as working capital ?