Oil production was 170,000 barrels. Let me assume 160,000 barrels were sold last quarter. At $87 per barrel oil realised price, it is $13.92m. Almost the entire $14m sales revenue last quarter! How much did SXY received for the gas it produced last quarter ? The answer is not much.
SXY Price at posting:
40.5¢ Sentiment: None Disclosure: Not Held