From the AR,
sales revenue of $3,192,845 for 42,390 BOE (NRI) equates to $75.32/BOE
with LOE + Production taxes of $944,883 which equates to $22.29/BOE (inline)
and with G&A expenses of $6,666,877 which equates to $157.27/BOE
ignore interest payments at present.
OK a little unfair as all the G&A expense is not for their EFS project and it wasn't a full year of production. Even if you say it was a half year of production and only half the employees work on EFS project you still have a G&A expenses of close to $40/BOE. NSE has 25 employees (10 female & 15 male).
Might be time to rightsize the company as with that cost structure it wont be profitable.
DLS Price at posting:
$1.15 Sentiment: None Disclosure: Not Held
NSE Price at posting:
8.1¢ Sentiment: None Disclosure: Not Held
STO Price at posting:
$12.76 Sentiment: Hold Disclosure: Held
