No idea how they can keep saying profitable at $45 a barrel....
$245k revenue for the year....
$159k operating lease expenses
$500k employee expenses (plus $200k share expenses)
$700k professional fees?????
$200k travel and accomodation (that’s $4k per week!!!)
$400k in other expenses (admin, insurance etc) - they paid $245k in insurance which is equal to revenue itself!!!
It beggars belief really and no doubt a few holders
No idea how they can keep saying profitable at $45 a barrel.......
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