Is it so bad? We at making 300 k a month with $83 oil at differential
interest on 7 mill PPH bullet in the head is
-$88,000. Yes 1 million a year in interest if my numbers are correct
seans salary
-$25000 a month (assuming another bonus - wow in 2 months Sean make more than me and he hasn't accomplished anything in 13 months. Ouch
rent
-12,000
staff - sec/ ir 40 k. CFO 60k geo 60k field workers 100k
Call it -25000 a mmonth
am I missing anything?
150 k a month to drill pay debt whwhatever cash flow positive!
in 7 years debt will be paid and we can drill again. Sorry that was sarcastic !
all will be forgiven if they get 7 cents a share. ;)