RE: ShareTalk1 Jun 2022 09:37
So Y/E 2021, sold average of 8500bopd at nett back of $34 per barrel at a market price average of $68 per barrel and made a profit of $0.08 per share
so Y/E 2022 we will probably average around 17000bopd at a nett back of $55 per barrel at a market price of $110 per barrel
that will be $935,000 gross profit per day for 2022 against $289,000per day in 2021, so our forward P/E is probably around 2.8..... that's still cheap at this level