Goldie, good to see you join us and lift the quality of discussion, providing a shred of fact mixed liberally with doses of pure supposition and incorrect information. I'll ignore the last quote in my signature for a moment and respond to your statements:
"SOA#1 - dry hole" - yes fact
"SOA#2 - dry hole or close to it" - supposition
"Gretel II - Dry hole" - supposition
"Defender - dribbles 25bopd with $1k a day pumps not including labor" - incorrect supposition - that jet pump costs $1k/day and that SSN is still using one
"Australia II - 7 months later pumping from 3 fracs at only 48 bopd" - incorrect supposition, given that information provided so far is it has averaged 157 bopd
"Administration costs $1.5 million/qtr" - yes fact
So the way I look at the above, you start off with a snippet of fact, you end with a snippet of fact, and you fill it with bunch of BS in between - a BS sandwich :-)
Cheers, Sharks.
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