I think the announcement states that the new acquisition had a net operating income for 2017 of $1.3million. Therefore 30% of that figure will go to WBE.
Making income from this acquisition = 0.3 x $1,300,000 (this is @ a NETBACK of ~$8/BOE)
= $390,000
Add this to our figure of (400-135 = 265BOE/day) number @ a NETBACK of $8
(265 x 365) x $8
= $773,800
Giving a total income from Point Loma of
= $1,163,800 Canadian $'s per year
Correct me if I am wrong here please
Ann: First Acquisition for 2018, page-4
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