In terms of oil it is not as simple as looking at the cost of...

In terms of oil it is not as simple as looking at the cost of production and the price of oil and extrapolating profit.

Senex's fields require constant capital intensive development to keep producing at the same rates. The cash balance has dwindled for this reason despite stable or slightly growing production in the last 12-24 months.

The Senex story is not about oil unless they make a material discovery like DLS/BPT with Bauer.