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)
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.
SSN Price at posting:
9.6¢ Sentiment: Hold Disclosure: Held