Birchcliff Energy Ltd T.BIR

Revenue Q4 - Corrected (should be approx. $336M)

[Barkis]

Light oil & Cond.   9K bbl/sday * $78 US /bbl * 90 days    =  $ 63M us  or $ 79M cdn
NGL's                  7K bbls/day * $50 US /bbl * 90 days    =  $ 38M us  or $ 47M cdn  
Natural gas          415K mmcf/day* 4.50 mmcf  * 90 days=  $168M us or $210M cdn

Total Revenue = 79M + 47M + 210M = $M cdn.

Q3  Revenue was 263M. The increase to $336M is mainly due to higher NG pricing but liquids and NGL prices were also higher.



Here are a couple of video's at the forefront of the changes in Canada. These people
will help you keep your hard fought for freedoms and hard earned dollars in your
pocket. 

One is an excellent interview  with Justin Trudeau's half brother - Kyle Kemper
The other contains a clip of  a politician with some principles.

https://www.youtube.com/watch?v=hzuDTmBe6YQ

https://www.youtube.com/watch?v=KJwWhHVMRUo

[PlutusofCrete]

I like the commentary Barkis - do you have a background in financial reporting?  Reminds me of the work I do in the finance dept. 

[Barkis]

Hi POC Software - learned  accounting applications of computers while learning to design and program - funny but after that I ended up doing niche real time scientific apps when got out in real world - after that was kept chained to a  desk for a long time by an overbearing old fool of a manager who threatened to break my legs if I left. Got back into the accounting/finance stuff later

[PlutusofCrete]

Thanks for sharing Barkis....I love how this board and Stockhouse can bring people from diverse backgrounds together. Thank you for the continued contributions to the team.  I'm a vanilla CA...or I should say CPA. I did the usual public accounting gig and then moved into industry to work in financial reporting. Pretty boring stuff but helps with reading financial statements and press

[robert41]

Hi Barkis just wondering where you come up with the $4.50 price for gas in q4? Great pricing in oct nov then late November and part of December low 4's and a brief stint in high the 3's. Is there somewhere to see an average or just an approximate on your part looks fairly realistic but just wondering. Thx

[Barkis]

$4.50 U.S. for gas is rough estimate for natural gas prices - should be close Oilsands Magazine Monthly Average HH price (assuming close to chicago price) Oct. $5.57  + Nov $5.12  + Dec $3.86  = 14.55 / 3   = $4.85 U.S.  Monthly Avg. Aeco price Oct. $4.40  + Nov $4.02  + Dec $3.27  = 11.69/ 3   = $3.90 cdn  For Dawn i am assuming

[justus727]

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