WBE
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0.00% 0.6¢ whitebark energy ltd

Ann: First Acquisition for 2018, page-2

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  1. Joelsmith2452
    917 Posts.
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    05/03/18
    10:10
    Post #: 31522645
    Lets look at the potential income for WBE from this canadian venture.

    Assuming a NETBACK of $12 (which is hopefully achievable)

    400BOE/Day
    @ ~$12 Netback
    Gives

    (400 x 365)  x $12
    =$1,752,000 / YEAR
    =$438,000 / Quarter

    With staff costs of $200k per quarter there is a little profit in there for the company. Even with a NETBACK of $6/BOE the company will be earning enough to pay salaries.....
    WBE Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch. 1  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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