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Bob322

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Bob322

Re: DrillaHill post# 5682

Friday, 06/03/2016 1:16:17 PM

Friday, June 03, 2016 1:16:17 PM

Post# of 5825
Drilla,

If I read you correctly, you see a blended price of $45-$46/barrel with 800K-1M barrels sold for the quarter. This is total revenues between $36M-$40M. Assuming the total costs have no price break between 8.9Kbbl/day and 10Kbbl/day (i.e. we pay expenses is if we pumped 10Kbbl/day), the 90 day all in expense cost should be roughly $28.8M (10K x 90days x $4 = $28.8M). Should we be inferring possible quarterly net income of $7M-$11M ($36M-$40M - $29M = $7M-$11M)?

That could be quarterly EPS of $0.10-0.15/share!

Did I miss something?
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