Directors/employees feeling the pain on their portfolio? Maybe, but looking at their financial records 24 office employees & 4 field operatives shared:
Year 2012 2011
Wages, salaries and bonus $ 4,729,000 $ 4,906,000
Benefits and other personnel costs 825 94
Stock-based compensation (i) 7,325,000 10,132,000
Total employee remuneration 12,879,000 15,132,000
Something tells me they aren't hurting - unless they try to find another job with such huge salaries/bonuses and benefits given their proven track record! a 42 cent share price from $7.65 and a whole year of drilling and virtually no increase in BOE