RE: MORNING BOYS AND GIRLS31 May 2023 06:57
Doug
I’m confused by your numbers?
“ The April data shows bopd maintained at 960 net, whilst POO bounced up from the March dip c.$67, up for a few days c.$80 then was settled c.$75 prior to $70. An average WTI perhaps c.$73 less $1.20 for us, so netback c. $18 giving c.$520,000 into the kitty. POO is expected to rise so if bopd keeps constant throughout GGS installation And the pennies are carefully monitored, then should suspect we can survive July’s rerate.”
Are you trying to suggest that such low production as April numbers will break Copl even? So up it to 1300bopd at say $75 unhedged and it’s profit?