This is interesting
"Total production for the September quarter was 7,920barrels of oil.
5,792 barrels were produced in Colorado &
2,128 barrels in Kentucky"
Thankyou for finally letting investors know.
Now filings with COGCC had June Qtr production of 8,550 barrels ...that's a reduction of 32.25% for Pathfinder ...
Can also take the $370,885 of revenue (not including the KY JV) and divide by Path production (5,792) and come up with ASP = $64.03/Bbl ... A good result as the avg SEC pricing for WTI Q1 $70.54 ... so the negative differential is $6.50 now.
KY produced 2,128 BO = 24 bopd .... which is bang on the 20% of 120bopd of production now seen. Means Pathfinder is at 96 bopd or 8,640 Bbls for this Qtr. ... puts them back on the 8,550 track for the June'18 Qtr as reported to COGCC.
What would be the $700K spent in the Qtr on "exploration & evaluation". Seems high doesn't it? Without it they would have at least been operating cash flow positive.
Good luck.
