RE: Bloe9 Jun 2022 14:35
Good point TF, Brent Oil is currently $123 and gas is approx 8.4 per mmbtu (roughly equivalent to mcf). From the last BLOE Q1 operations update oil was weighted average of $89/barrel and Gas $4.0/mcf :-
Oil Sales
In Q1, Block sold 24.4 Mbbls of oil (Q4: 33.6 Mbbls) for $2,168,000 (Q4: $2,441,000), resulting in a weighted average price of approximately $89 per barrel (Q4: $73 per barrel), representing a 22% increase in the realised price in Q1 compared with Q4.
Gas Sales
In Q1, the Company sold 48.4 MMcf of gas (Q4: 36.1 MMcf) for $193,000 (Q4: $109,000), resulting in a weighted average price of approximately $4.00/Mcf (Q4: $3.03/Mcf).Oil Sales