RE: PM Email Reply on Farm Out News Due Soon/ 200MW Hybrid Project - Coming Together!3 Dec 2025 11:16
As per Unnd's post yesterday:
"Abzzba, your figures are incorrect.
MATD have already told us in an RNS what payment they receive after deducting PC costs without any guess work.
Value invoiced $2.6m, Payment received $1.82m (30% withheld), MATD share $1.25m, Total withheld $780k,MATD share withheld $546k.
The RNS dated 29/09/2025 confirmed that MATD received $110k for the July invoice which grossed up (add back 30% deducted) equals £157k, therefore MATD received $34/barrel revenue after deducting PC costs for transport etc ($157k/31days/150bopd). Brent was $70/barrel at the time. The realised oil price for July was $66.4 per barrel, the realised oil price (Daqing 33) is brent less 3.5% less $1.
Therefore at 345bopd MATD should start to receive revenue of around $363k/month in January subject to full payment on time and Brent at $70/barrel. Monthly production costs and general overheads need to be deducted from the $363k. At $62 Brent MATD would receive revenue of around $321k/month.
Hope the above clarifies as it is factual and based on RNS's issued"