Ann: First Acquisition for 2018, page-2

Lets look at the potential income for WBE from this canadian venture.

Assuming a NETBACK of $12 (which is hopefully achievable)

400BOE/Day
@ ~$12 Netback
Gives

(400 x 365)  x $12
=$1,752,000 / YEAR
=$438,000 / Quarter

With staff costs of $200k per quarter there is a little profit in there for the company. Even with a NETBACK of $6/BOE the company will be earning enough to pay salaries.....