So if this new acquisition will add 300BOEPD to the production then that would put the PLX production around around the ~1130BOEPD (based on the previous reporting stating that production was at ~830BOEPD).
With the most recent figures showing a netback of $6.96/BOE (based on POO @ $51.89) that would give the following income to WBE:
20% of 1130 x $6.96 x 365 = ~$575,000/year
This number has not taken into account the increases in NETBACK that was mentioned in the previous report and also increases in production in other wells.
Correct me if I have made any errors here.
So if this new acquisition will add 300BOEPD to the production...
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