Post by
mjh9413 on Apr 14, 2023 3:10pm
Q1 an Q2
"Oil revenue in Q4 2022, net of tariffs, fees, and differentials was $63.8 million ($66.51/bbl) "
That was on about 10400bopd and average contracted Brent about $88US.
The Q1 will not be as good as Q2 is proving to be so far, even with a 20000bopd average March.
If TAL average 16000bopd with a slightly reduced net oil revenue (say about US$60/bo with Brent about US$84 average), we get US$88.3M net oil revenue Q2.
Looks real good to me even allowing for normal risks (such as barging maintenance, river conditions.)
GLA