re: Ann: Norwest increases its stake in North... "last quarter 1141 net to Norwest for revenue of $93076"
Now 6.278/1.278 * 93076 * 1.5 (add further 400BOED)=
4.91236*93076*1.5= A$ 0.6858 million.
The above figure should be our next querter revenue from the Jingemia production.
I donot what's wrong, however I calculated yearly revenue is 2-3 million net to NWE. I guess 0.75-1 million is the profits nor revenue. Any ideas?
Is may calculation wrong?
Amend,--- (plus Puffin), NWE now has the potential of A$6-8 million cash income per year.
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