Payment - doesn't add up24 May 2018 22:03
$18.8 million received
$14.7 Million for GKP
assuming 30,000 barrels per day production for feb = (28 * 30,000 = 840,000)
$18.8 Million/840,000 = $22.38
or even
$14.7 Million/840,000 = $17.50
Brent average for February is $63.46
https://ycharts.com/indicators/average_crude_oil_spot_price
"Oil sold at Brent minus c.$22/bbl discount for quality and all transportation
costs" courtesy Luckcounts yesterday
$63.46 - $22 = $41.46
Where's the rest of the money Jon?
Going by the $18.8M paid, take the discount out and divide through via the money which give the production figure of 453,449 for the month or 16,194 per day production.
Take the net to GKP figure and we're at 12,662
I don't think so!
GKP are producing around 30k per day unless Jon isn't telling us something (no surprises there then is there!) which after the discount (let's just round it down for arguments sake to $40/barrel) gives (28 * 30,000 = 840,000. 840,000 * $40 = $33.6 Million, NOT $18.8 Million
WE are being shortchanged to the tune of around $19 per barrel!!! Either that or GKP is currently producing at well below even the crook Jon's pathetic estimates.
Try counting the company coffers instead of your own Jon!!
WHY?