RE: NEWS RELEASENot only that, but costs were down this Q and they managed to earn 400,000 on 700,000 in revenue. Not too shabby, for one Viking well, out of 12 or 13.
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1.8 million to drill the first well seems high, though. For some reason I thought it was only around 1 million. Also, there appears to be a mistake on their balance sheet. Total liabilities are listed at 5 million... I did a double take when I read that, but it does appear to be a copy/paste type error (should be under 1 million).