Did we abandon North LA altogether?  I am bringin

Did we abandon North LA altogether?  I am bringing this up because we aren't out there now and it seems like we have so much work to do in W. Texas that we wasted money on that lease.  Why are we spending money on more leases when we don't have the man power to operate our current leases.  Winging it isn't working right now.  Are we splitting production with Pistol and TNC?  If we are splitting it assuming that we get $60 a barrel the math isn't working out for the cashflow positive. I sat with my CFO to break down some numbers.  Assuming Treaty has 25 employees they would have to pay roughly $750 a month per employee just for commercial insurance.  That bill is $18,750 per month.  We haven't even stepped into a building or a rig yet, or paid for health insurance, or paid utilities.  For the past 2 years we have spent roughly 4 million a quarter on general/admin.  I know they said that won't continue but they have said a lot that was wrong so until that changes that will be factored in.  That puts us at 1.35 million per month.  Haven't even paid for operations yet.  Lets throw in another 200k per month for that.  We are now at roughly 1.5 million a month for bills.  Even at 100 BOPD after trucking the oil we are looking at around $55 per barrel. That adds up to $5500 a day and 165,000 per month.  (Belize expense not even factored in yet) How is the target for cashflow positive 80 - 100 BOPD.

165,000 revenue - taxes  (Even if we aren't splitting it and we are getting $90 a barrel that puts us at $270,000 - taxes)

1.5 million overhead

Not working out.

Thats the numbers and numbers don't lie.