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Ann: Quarterly Activities Report & App 5B - End December 2024, page-7

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Dogpigtiger

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01/02/25

16:44

Post #: 77661473
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Originally posted by Knight16: ↑

There appears to be a serious problem at play. Back in 2018, oil revenue was recorded at $338,000, and today it stands at just $358, showing little change over time. However, the production of barrels of oil has significantly declined—from 3,982 barrels to only 2,426 barrels each quarter. Alongside this drop in output, production costs have skyrocketed from $10,000 to $120,000 and administrative expenses have risen from $39,000 to $68,000. MP
This shift has led to an additional expense of $139,000 for producing 1,556 fewer barrels of oil.

It truly puzzles me why a business would tolerate such high operational costs for production staff and administration—including rent for the CEO's office—which totals $388 , not including the CEO’s salary while generating a mere revenue of $355.

IMO , Clearly, they are taking advantage of the shareholders even my neighbor who is a plumber manages to bring in more money each quarter , a home office and only requires a bookkeeper who visits once a week.

Do your own research and all IMO
lol

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proves right there that over 4 years the Board did nothing for shareholders. Lifestyle company for members of the Board maybe , wouldn’t surprised me remuneration for the Board increased over the same period . Let’s see what they can do now that CR cash is not coming their way, maybe they have to work hehehe

BUY Price at posting: 0.3¢ Sentiment: None Disclosure: Held
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