Carcetti Capital Corp V.CART.H

Potential Increase in Q4 / 21 Production

[nozzpack]

RK field production in 2016 was shut-in after Q1 because the blending contract was not renewed.
Other than extremely modest production, 2P reserves remain unchanged .....see my recent posts on this.
In my Q4 /21 production forecast, I have assumed the same RK production as Q3....93 BOEPD

However , Q1 production of 2016 of the RK field  increased to 431 boe/d as compared to 200 boe/d during the fourth quarter of 2015.

The RK field was shut in after Q1 of 2016.
 

So, production of the RK field in Q4 of 2021 could be double or more that of my forecast of 93 boepd.

Record high natural gas prices in Q4 would certainly be an incentive to produce more volumes of natural gas .
Regardless, Q4 will be a blow our Quarter even at constant production.

[nozzpack]

Another take on Q4 cash flows from its RK western Ukraine gas field. Q3 showed revenues of $395,000 US from both gas sales and electricity sales combined at a cash cost of $123,000. Round net cash flows to $275,000 ( $395,000 less $123,000 ) and consider that Q4 gas prices are about 2,5 times that of Q3. Had those gas prices been the case in Q3/21, Q3 net cash flows would have been about $700,000

[satchmo6]

will we break out of the two's

[nozzpack]

We should be close to news,.