If I wanted to put a negative slant on the quarterly I would point out that the receipts from customers was only slightly higher than production costs.
This is not much better than twelve months ago.
Of course if they have major drilling success, maybe they pay their way in twelve months time.
Saltbus
Ps. Actually it is very easy to put a negative slant, to go positive feels like entering unicorn territory. But they are doing stuff so we could get lucky.
Ann: Quarterly Activities & Cashflow Report, page-3
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