Discord17 Dec 2024 15:07
Based on known production for past two months and projected December production revenue including oil from Cas 3, should be approximately $17.6 million revenue in Q4. Expense estimates based past quarterly financials
Quarterly loan payments of $1,500,000 and $625,000.
Bridge construction in Q4 $1,500,000,
Capex to deal with oil production at Cas 3 in Q4 maybe $500,000
Royalties of around $4,000,000.
General and Admin around $5,700,000.
Income taxes around $1,800,000.
Comes out to approx. $15,625,000 expenses in Q4.
Approx. $2 million profit in Q4.
Company had $6,550,000 in the bank end of Q3.
Roughly $8,500,000 cash at year end. All depends on how much gets paid to creditors
TXP had $4,147,000 debt facility available at end of Q3.
Additional $2,125,000 in debt facilities available after the Q4 payments,
Should be roughly $6,272,000 available from debt facilities year end.