I've been tracking potential revenue for some time. My figures...

I've been tracking potential revenue for some time. My figures show:

  
Production bopd    x    US$/b =   potential revenue  

June 2017    590  x  42 = $24,780
April 2018   850 x  70   = $59,500   = +140%

Assuming that increased production from Bunian-3 takes us to 850bopd on a 100% basis (which incidentally would be a 44% increase on June 2017 potential production) and that we can average US$70/b for our oil then potential revenue will have  increased by approximately 140% in the 10 months since June last year.

It's hard to keep the faith when most O&G shares are going up while we're stagnant but logically a re-rate must come and if our production wells come in as expected I firmly believe that we'll multi-bag by Xmas this year.