annual report to shareholders

Endless talk of reducing operating costs for, what, must be over a year now, yet despite all the talk it doesn't show up in the figures?! Is it just lipservice?

I can hear Ken echoing in my ear right now: "The oil business is an expensive business to be in".

Apparently so, Ken, but clearly SOMEONE is making a moola out of that production revenue, just not shareholders and I guess it will never be the shareholders who seem to be at the very back of the queue!

Last 7 quarter's "admin" costs, quarter on quarter:

201003: 333
201006: 595
201009: 575
201012: 538
201102: 375
201106: 742
201109: 473