Second Wave Petroleum Inc SCSZF

RE: Burn rate

[idleSpeculator]

Hi Tada From their last published accounts (year ending Nov 2000) their average burn was $372K CAD. From presentations I heard $250K/month for end of last year, and beginning of this year. Recently spoke to IR who from what I could make out, were suggsting with cost cutting (smaller offices in Vancouver, all development in Toronto, and presumably, though they did not mention it, Larry's Salary) it was around $200K. They did not suggest income had increased significantly. Thank's for picking me up on 'Net Burn' I have heard a few people confuse burn with expenses, so I used 'net' to be clear. It was superfluous. Idle