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.....
Lets look at the potential income for WBE from this canadian...
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