Just having a quick look at the state of play here:
March qtr boepd 377
rev 1.9mill
admin 1.74mill
wells brought online 0 (maybe 1 with ausII if you're generous)
cash 31.4
Dec qtr boepd 198
rev 1.7mill
admin 1mill
cash 42.4mill
wells brought online 2 (defender and everett) (defender only brought in 18bopd)
June qtr boepd 273
rev 2.7mill
admin 2.12mill
cash 53.9mill
wells brought online 0
By the pattern I see, next quarter we will have a rise in revenue met by a rise in admin costs and a drop in cash reserves ...hmmm time for some bonuses for the management team as they are great at spending any revenue that comes through the door.
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