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CONA RESOURCES LTD T.CONA

"Cona Resources Ltd is a Canadian company which is engaged in the exploration for and the acquisition, development, and production of petroleum and natural gas reserves in western Canada. The company owns an interest in Cactus Lake property, Winter property, Court property, Cuthbert property, Mantario property, Thermal properties and others."


TSX:CONA - Post by User

Post by OOU812on Nov 17, 2017 7:46pm
149 Views
Post# 26987693

G&A has dropped considerably

G&A has dropped considerably For the first nine months of 2016 G&A averaged $3.40 boe.
It's nice to see that G&A for Q3 is now a more reasonable $1.90 boe.
A $1.50 boe drop in G&A may not sound like much,but it is.
That $1.50 boe drop adds $10 mil more per year to cash flow.
It definitely makes a difference when the people running it own a big chunk.




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