hopefully with further management /personal /admin / consultants cutting the costs can be trimmed further would be good to see combined management/admin costs fall to $600k quarter.
Assuming this is the case
MBW and OBS would meet admin/corp costs - lightning would pay for production costs which would leave the entirety of SM71 income and any GC21 income to distribute to shareholders ……
the real question has to be once F3 waters out will the JV push F1 harder or look for an acceleration well which could potentially add another 1000bopd for the JV partners - not to be sniffed at ….
Ann: Chief Executive Officer Appointment/Resignation, page-22
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