Bigal36.This quarter revenue was $19 Million based on avg 2856...

Bigal36.

This quarter revenue was $19 Million based on avg 2856 BOPD

If you increase oil production to 4500 BOPD for 3q 2012 (57% increase) then revenue = 30 Million (57% increase)

With simple calculations based on oil production guidance and todays oil price LNC should be fully able to fund operations from oil and gas from 1q 2013 and pay down debt from 2q 2013.

Assuming 90 days per quarter:

3q 2012 : 4500 BOPD = $30 Million revenue
4q 2012 : 5250 BOPD = $35 Million revenue
1q 2013 : 7000 BOPD = $46.5 Million revenue
2q 2013 : 8500 BOPD = $56.5 Million revenue
3q 2013 : 10K BOPD = $66.5 Million revenue

Can you explain your maths and how you arrived at 22M revenue for 3q 2012 and what assumptions you have calculated beyond that? Seems like you need to redo this maths homework I'm afraid.

I think they will need to draw 20 to 25 million next quarter and draw 10 million 4q and after that it is moving into profit on a quarterly basis as per guidance.