Yes that is the Revenue IOG received that they can spend on salaries, paying interest/principal (if any) and re-invest back into the business.
And these figures are gross production (before royalties ... but this was subtracted in the Gross Margin). It answers a previous question as to whether the 52 bopd was before or after royalty. I believe it s after royalties have been deducted as 1,603/22 = 73 bopd and with 25% royalty that becomes 55 bopd
Your welcome. Those are the facts.
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