Long Run Explor Ltd Ord WFREF

RE:TBE owners take note

[Karmanow]

Thx qwqw for doing the math++ Please confirm that your intended take away for readers was : $10m net for Q2 vs $43m in Q1? If that is true ... please have another go at explaining how we did so poorly in Q2? Our hedges were in place and what was not hedged sold for greater than the budgeted oil price of $52. It important for me to get my head around this as the answer could reduce managements options even more ... with the reduced capex spent in Q2 I think the market is looking for a positive number with the pending Q2 results. If management throw up another negative number quarter, then we are clearly put into a selling a major amount of assets mode... Has anyone done the math for the next 4 quarters and come up with a plausable method for management for paying down the debt by the $245m required by the banks? thx in advance for factual opinions or realistic options++