pb oil production to november 2012, page-5

Hmmm 17403 barrels @ $86 per barrel = $1,496,658 revenue, less 25% royalty, less est 25% cost of production = barely $750,000 net income since January.

Less Admin costs $500k per month?

Still far away from self funding.

After all, the management have done all they can to reduce their own costs and preserve funds they really do have us all at heart and I am sure we can all sleep at night knowing that.

But wait... thats not all!

Are we still expecting a partner to join the project?

Are the neighbours looking with envy or are they just laughing at us and quietly calling us amateurs?

And yet it seems to have all started so well with halliburton getting the ball rolling! Have we lost the ball maybe