Mike Sandy was refering to Bur's share of Income via the partnership rather than BUR's bottom line..as which Net normally refers to, he was infact referring to REVENUE or better put income or top line.
The reason for him using the term net, is the fact that there are very litte costs associated with a well in production, so in real terms almost all will fall to the bottom line as Net revenue.
AA
multi bagger in the making, page-41
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