Post by
Dragoon on Mar 09, 2021 4:41am
Lower production costs
Now all the workovers expences have to right away in the production cost because of new accounting rules. This was 200k in the last 9 months compared to 150k in 2019 same 3 quarters. MD&A page 3 shows how the production cost is still below 40 cad. This with a lot lower production because of the many workovers. The total production cost is still lower this 9 months compared to last year. So when all workovers are finished this month I expect better numbers in FY21 (this is the last month of the fiscal year) as there will be a lot more production and the workovers are done. They waited for better oil prices
Comment by
Dragoon on Mar 09, 2021 4:51am
With 40 cad I meant production cost / BOE producing. This producing has been especially low the last quarter because of the workovers. After the last press release of 1 March 2021 they will do the last workovers. So after March production cost will go down and production up.