ELK 0.00% 1.4¢ elk petroleum limited

Ann: Half Year FY2018 Results & Guidance, page-4

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. 1,392 Posts.
    lightbulb Created with Sketch. 7
    I think you need to take into account what portion of those 2.6M BOE is oil and what is gas.

    For example in the first half they sold 0.97 Mmboe for $27M revenue which equates to $27 / BOE. When when you look at the production figures for the first half 62% was gas from Madden.

    Looking at 2H 56% of the 2.5M will be oil, ~44% Gas so the average price / BOE should increase. I am sure there is specific pricing / per TCF gas and per barrel oil and you would also have to take into account the hedging etc etc.

    That's my take anyway, happy to corrected.
 
watchlist Created with Sketch. Add ELK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.
Fatal error: Uncaught ErrorException: session_write_close(): Failed to write session data using user defined save handler. (session.save_path: ) in /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php:236 Stack trace: #0 [internal function]: Application\Service\AppManager::handlePhpError(2, 'session_write_c...', '/data/vhosts/te...', 236, Array) #1 /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php(236): session_write_close() #2 [internal function]: Zend\Session\SessionManager->writeClose() #3 {main} thrown in /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php on line 236