If you insist Gassed
heres a previous post from 16/5/16
"Here you go old mate, while you are here why don't you add this up...Last months production -
8,586.63 BO x $46US + $10-15 their getting on the WTI price selling locally."
38,783.28 BO since Jan"
So lets do that math for production to May 2016 (not including the 10-25% premium selling as bunker fuel)
Jan - 9,190
Feb - 11,748.45
Mar - 9,257.98
April -8,586.53
May - 7,101.94
= 45,885.12 x av $40 WTI = US$1.835 mil
- 25% Guatemalan royalty = $450,000
- fixed production costs @ $18.55 BO = $851,168
Profit = $533,814 The lowest oil price during the last 10 years.
Wells paid for, no partners to pay, no loans ....Happy days for LAR
Production for 2015 was
77,677.48 BO ....CTR saw none of that, It was all profit for LAR
So whats is Atzam worth ...$000.00? Thats we got for it
CTR's directors being investigated by ASIC not me
Here's the figures taken from oil council presentation.
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