Don't forget when working out how much cash they will have to...

Don't forget when working out how much cash they will have to drill new wells you need to allow for overheads.

Last year they spent approx $8M on Admin, Finance, consultancy and Misc.
You could argue some of this is one off costs but I always assume one off costs generally occur again and again.
I was going to buy back into the stock until I saw the Dec Actuals but will hold off for now as I think the overheads are currently too high.