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We will have the earnings report in a few weeks, but if anyone is curious about the revenue for 2Q, here are the numbers based upon the hedges stated in their last CC and an average price for Brent of 68.30 in the 2nd qtr : (14,000 bpd x 51.45) + (1000 bpd x 50.40) + (8400 x 68.30) = $720,300 + $50,400 + $573,720 = $1,344,420 per day x 91 days = $122,342,220 revenue for the second quarter. For the 3rd quarter, assuming Brent stays at $75 per barrel and we restore production to 30K barrels per day, our revenue will be (3000 x $56.75 = $170, 250) + (4000 x $68 = $272,000) + (3000 x $70.21 = $210, 630) + (20,000 x $75 = $1,500,000) = $2,152,880 per day x 92 days = $198,064,960 revenue for the third quarter, which is almost $76M higher than the second quarter. I know it is tiresome to keep hearing "Just wait until next quarter", but our best days are ahead of us.
Calculation
Per day
(14,000 bpd x 51.45) + (1000 bpd x 50.40) + (8400 x 68.30) = $720,300 + $50,400 + $573,720 = $1,344,420 per day
3 months
$1,344,420 x 91 days = $122,342,220 revenue for the second quarter.
