Despite all this wonderful oil production, cashflows are too small to cover corporate expenses let alone turn an operating profits.
It seems its the old story of WBE management and directors using the company as a cashcow for plum positions. I was hoping Messina would change things a little. Oh well...
Let not forget that most of the real work is being down by the joint venture...
Ann: Quarterly Activities and Cashflow Report, page-2
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