BUR 0.00% 6.0¢ burley minerals ltd

Ann: BUR Truchard3 Well Update, page-10

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  1. 5,943 Posts.
    lightbulb Created with Sketch. 27
    Thanks Buffalo,

    No way no how can i make that $75,000 per mth work, there is something seriously wrong
    with that number based on the production rates given.

    Also their NRI is 39.19% with an overriding royalty of 1.13% even if the above was correct their NET revenue
    would be $30,240 per mth
    Using their numbers of 22 b/d @ $49.00 a barrel = $1078 p/d
    Gas 1200 mcf/d at $3.30 per mcf = $3.96 p/d

    Total p/d $1081.96

    NRI as above = $436.25 Net to BUR p/d

    If any one thinks the above numbers are wrong please point me in the right direction.
    cheers
    Mick
 
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