In the realm of October sales volumes, the figures dance and paint a picture of productivity and progress. Each number tells a story, a tale of natural gas sales, NGLs, and crude oil that shape the landscape of operations and finance. Let’s delve into the depths of these numbers and unravel the narrative they hold.
Key Points:
- October Sales Volumes:
- Average: 1,912 boepd
- Breakdown:
- Natural gas sales: 10.7 MMcfpd
- NGLs from condensate: 108 bopd
- Oil sales: 14 bopd
Operational Update:
At the Murucututu field, a new chapter unfolds with the recompletion of the 183-A3 well in the third quarter, leading to a surge in natural gas sales. The anticipation of drilling a follow-up location sends ripples of excitement for the future.
Financial and Operating Highlights – Third Quarter of 2024:
- Average daily sales: 2,106 boepd
- Average realized natural gas price: $10.92/Mcf
- Overall revenue from natural gas, condensate, and oil: $12.9 million
- Operating netback: $59.19 per boe
- Funds flows from operations: $9.9 million
Financial Snapshot – 2024 vs. 2023:
- Natural gas, oil, and condensate sales: $12,879 in 2024 (5% increase from 2023)
- Net income: $7,152 in 2024 (23% increase from 2023)
- Cash flows from operating activities per share: $0.29 in 2024
- Funds flow from operations per share: $0.27 in 2024
Q3 2024 Results Webcast:
Join us for a live webcast on November 7, 2024, to delve deeper into our Q3 2024 financial results. An interactive session awaits as we navigate through the intricate details of our performance.
Conclusion:
The numbers speak volumes, painting a vivid picture of growth and potential. As we march forward into the future, guided by data and insights, the journey promises new horizons and endless possibilities. Embrace the narrative of our numbers, for within them lies the essence of our journey and the promise of tomorrow.
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