RE: waiting game27 Jun 2022 12:06
The half year update sometime in July should give a pretty accurate forecast for the rest of the year.
Working out revenue for the year has been a bit of a mind bender but I think I have a formula now so lets see how close it is
I have used $100/Barrel
Q1 - 1567 boepd average I reckon will equate to $4,701,000 ish
Q2 - 1567 + 462 from ASD/2 = 2029 boepd average so I reckon $6,087,000
So half year report revenue circa $10,788,000
If funds allowed I would be scaling in now on lows