BUR 6.67% 5.6¢ burley minerals ltd

Thanks Buffalo, No way no how can i make that $75,000 per mth...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  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
 
watchlist Created with Sketch. Add BUR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.