sold 100,000 in April
sold 100,000 in May for NET proceeds of 4,000,000.
That 's 20. a barrel.
I read that as net profit after subtracting drilling costs. It is not the price per barrel of crude Brent reduced by TGAs grade of crude.Does that include the netback that EGPC takes?
NO What does the Accounts Payable of 31,394,000 consist of, if we pay them out of the oil sale?
AP includes all mof TGAs expenses.
As you can see, my knowledge of how this works is not very good, and this is why I am still a bagholder looking to get out for $3.00 now.
Welcome to the club, You may be rewarded in the years ahead.
Would appreciate if you could explain if you have the answers if you know why.
The above is my understanding, All corrections are welcome.