We would love to hear your thoughts about our site and services, please take our survey here.
Hasn't Net Operating Income already accounted for Opex, royalties, processing, and transportation?
Also in their H1 report one of the last pages they state that FCF is equal to Net cash from operating activities - capex PP&E - capex E&E...........so it appears they do strip out Capex before calculating Free Cash Flow
Ya it looks like i read it in a news release below, took me a bit to find where that number came from.
https://www.energyvoice.com/oilandgas/north-sea/175361/i3-energy-chiefs-say-liberator-farm-in-could-spur-activity/
Hey Tony, i reworded capex to maintenance expenditures, killed taxes, removed interest, you stated 19,000 x 10% x $5500 from guidance where is the $5500 from at 10% of 19,000 boe/d production i assume?
Does anyone realize this company has gone from a UK Exploration company which meant jack **** unless it produced, to a low cost Producer in Canada, grown that production over two fold in less than 12months with assets and infrastucture including that monster jack **** that can now be realized from operations income, and grow to 100Kbbl/year without much of any debt or futher dilution...............While paying a dividend with significant FCF .
https://www.bnnbloomberg.ca/energy-crisis-ahead-nuttall-makes-case-for-us-100-oil-1.1631926
I believe someone mentioned the Gas Hedge:
Here is the Q1 Hedges put in Place. Hopefully they arent hedging anymore, getting Killed on NG
The Company plans to opportunistically hedge 50% of its oil volumes and 50% to 70% of its gas volumes in order to protect its dividend policy and expected production maintenance capital expenditures.
During February and early March, the following oil and propane hedges were executed:
Commodity Period bbl/d Type CAD/bbl
Crude 1/Apr/21 31/Dec/21 200 SWAP $73.70
Crude 1/Apr/21 31/Dec/21 200 SWAP $75.20
Crude 1/Mar/21 31/Dec/21 350 SWAP $64.50
Propane 1/Apr/21 31/Dec/21 200 SWAP $32.45
During March and April, a number of natural gas swaps were executed for the period between 1st June to 31st October 2021, totalling volumes of 21.4 mmscfd at an average price of CAD 2.83/mcf.
Q1 Production Numbers - 8856boepd
Oil- 1466 bbl/day
NGL- 2123Boepd
NG- 31.6mmscfd / 5267boepd