Aprox 1.5 billion. Was only 1 billion 12 months ago. They have 5...

Aprox 1.5 billion. Was only 1 billion 12 months ago.
They have 5 wells in production for 30 BOPD to Titan.
They have plans for 5 new wells including 2 that have been drilled.
Lets credit 100 bopd to titan from those 5 wells.(50% share)
Thats 130 bopd for Titan sh's.
For round figures lets say 200 Bopd for Titan at a generous $50 a barrel profit.
That's $10,000 a day revenue ,Be generous and say $330,000 for a month or $1 million for the quarter.
Now look at their expenses last 6 months reported in the half yearly.
4 million dollars was expended and a further 1.8 million lost in foreign exchange differences!
They have spent nearly 1 million usd a month!
So hard to see when or if any profit can be generated.
The company needs to show how it can keep spending down below revenue.