Guy with a 20% share of an average production of 275boe/d that...

Guy with a 20% share of an average production of 275boe/d that gives WBE 55boe/d

Which would give us ~ 55*30*3 = 4950 boe for the quarter

From memory I think the best netback the company has achieved to date was ~$12/boe........ To be conservative lets assume a netback of $15/boe and that would give an income to WBE of:

4950boe X $15 = $74,250 for the quarter.

Now lets look at the potential earnings that as stated we should be seeing by July 18

(20% of 450boe/d = 90boe/d) X 30days X 3 months = 8,100 boe for the quarter @ $15netback = $121,500

With the estimated staff costs of $200k per quarter this company is really going to need Xanadu to come through with the goods or there will be more cap raises just to pay the staff........

Please correct my sums if there are any mistakes.

DYOR