Hi,
I think you are using your emotions and not willing to take on facts as presented in the reports. Go and have a look and it clearly states that for last three years, the admin expense has been around $48 per BOED (and not BOPD) and they have been receiving only about $70 per BOED (don't be fooled by BOPD price). The company is losing money while producing oil. How long can it continue ? Three years a long time !!!.
Also note that this rate was achieved when the best wells (yes - blackdog) were producing at their highest peaks.
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