Hi,
It is good to know that BOPD are on a steady increase. At current oil prices, the company would need around 600 BOPD to sustain the admin and other sundary expenses. We are almost there with the production rate otherwise heaven forbid the company would have to raise more capital to maintain the status quo.
If nothing else, TB and company can take the comfort that their salaries are covered with current production.
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Currently unlisted public company.
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SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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