Hmm report seems good, at lets say even an average of 700BOED which is super low ball for next quarter they will pull roughly gross rev of 3.68m
(700* 90days * $90per BO - 30% for 70%crude (roughly) )) .
That will bring them mighty close to cash flow positive on the proviso that costs are similar next quarter. :).
good news bears :)
regards Akap.
Ann: Quarterly Activities and Cashflow Report , page-2
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