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21/06/15
09:44
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Originally posted by forrestfield
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Not single company worth billion dollar but actually surrounded by 4... one as large as US$30B... too much for me to go and check my notes but I must have posted here... must be somewhere in the previous threads...
there is value here.. there are making around 250k from oil sales but production cost is 293k to produce this oil... so they must have another well producing at least 85bopd to be over the line with production costs met... but even then they are far from cash flow positive... 510k admin costs per quarter means they are literally eating cash, a perfect example of life style company where admin cost is $2m per year for a $5m worth of company... they need to make a serious cut here and ASAP....
Cheers
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lol, was writing the same
"510k admin costs per quarter means they are literally eating cash, a perfect example of life style company where admin cost is $2m per year for a $5m worth of company."
spot on.