skunk in the wood pile what happened to all that production
From 1st qt report
Re::The Company has a cargo of Gharib blend crude scheduled to ship at the end of April through early May, with proceeds expected in June, 2022.
Now this is 2nd Qt report [ this was lifting that was reported as scheduled ]
Re:Second quarter sales averaged 12,609 boe/d including 104.0 Mbbls sold to EGPC for proceeds of $11.8 million and one cargo lifting of 451.0 Mbbls of entitlement crude oil sold for proceeds of $46.3 million;
Now the company expects us to believe our share of Egypt production for two months ]May and June period ] was only 104,000 barrel of crude
Now something stinks in Mr CEO Neely land , our share of this 104,000 would average about 1,733 barrel of production per day !
Now do the math people 1,733 X 365 days = 632,666 for a full year and we sell about 4 cargos a year
Now people my guess we just found out why we changed auditors again . JMHO
Mr Neely my guess you could have some explaning to do
Question is is my math correct ?
Note from the 1st qt report [ The Company has a cargo of Gharib blend crude scheduled !Has means the production is on inventory !!! Correct
JMHO
