Perhaps the BoD could put in place one initiative - replace the mgmt, 'cos this mgmt has failed at creating shareholder value. TB had his multiple chances. The Foreman Butte was his chance at redemption. Failed (again).
Still $1M+ a Qtr for staff & admin costs for 631 boepd. Look at the Qtrly - signs of life? Cash flow from operations = minus, i.e. negative, $720K
Costs more to operate the company than the revenue those operations bring in. Same story just about every Qtr.
Yep, crankypants on today
SSN Price at posting:
1.5¢ Sentiment: None Disclosure: Held
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