Hi,
Looks like our expenses have gone up more
- We have approx $2.5million admin expenses per quarter
- and now $1.0 to 2.0 million for idle rig per quarter
so our breakeeven point is between $3.5 m to $4.5 million per quarter if no other expenses. This will chew up the raised capital in very quick time.
What have we got to show for these expenses so far ??
Hard questions need to be asked NOW!!
who is paying for idle rig
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