Hi Folks,
Where were the current production figures, to support the increasing production they have been promising for so long? Soon be winter freezedown again, in those harsh lands.
These talkers with their grand schemes of outsmarting the locals never deliver. If they can't even get SDS cashflow positive where do you think these grand schemes will lead?
YTD production 30 April 35,787 bbl (from QR) 298 bopd
YTD todays update 42,724 bbl ie 187 bopd since 30 April (assuming 6 June)
After operating costs these guys will not even be paying directors lunchs without raising more cash.
May stop watching this one! Waste of time.
EL
investor update june 2007 out now, page-4
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