re: Ann: Brasher 1 Yegua Gas Discovery and Te...
ncbirch
380mmcf X $4.55 X 30% RI = $409 a day = $150K P.A
If BUR spent $228K it will take 1.5+ years to pay off.
BUR burns about $600K per quarter just to be alive..
BUR is making about $120K per quarter in revenue
so runs at a loss of $500K per quarter
it has no money
how far away is bankruptsy?
Ann: Brasher 1 Yegua Gas Discovery and Test Resul, page-12
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