I agree pcaruso with this stock nothing to do with current production. All faith has to be in Yeager delivering his promise.
Disagree slightly with cash running out 2016. A quick look at last three quarters shows it depleting cash at rate of approx. $8.5m per quarter. So at that rate we would be out of cash in three Qtrs time, approx Oct 2015. And as you say revenues will not be contributing as much with oil price down a further 35% since its average this quarter and likely lower production.
I don't seriously see the cash depletion as a problem though; I believe we will have transformed into something else within the next six months.
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