RE:RE:RE:RE:RE:RE:RE:The executives here need to be shown the doorNaeden, netbacks will fall due to the great success of Las Maracas - but not to anywhere near under $50 as you claim. They had a $77 netback in Q3 including a $10 royalty and $18 in transportation costs. I believe that the maximum royalty rate is 25% or about $25. If all the production was from LM that would drop the netback to about $62 with everything else being equal - which is certainly not below $50. However production is ramping up outside of LM and a lower netback applies to new fields. Assuming LM accounts for 2/3 of production by year end, the netback drops to about $67 However, transportations costs are likely to slowly decline due to new pipelines, less terrorism and infrastructure improvements. Also oil has been acting very well. I believe they will exit 2014 with netbacks of $65 - $70 on higher production. Still a very healthy number and certainly not below $50 as was suggested.