I didn't mention any salaries.  Thats commercial

I didn't mention any salaries.  Thats commercial insurance and they legally have to have that.  We can shrink the 18 grand a month to 9 grand a month and we are still over a million a month in overhead and 200k a month in revenue (if we hit 100 bopd) is still less than our overhead.  I understand no one can know for sure but they sure said in the CC that 80 - 100 BOPD would get us there.  I could be wrong about the 1.33 million a month in general/ admin but we will have to see when the quarterly comes out because I actually rounded down when I got that number.  Its hard to believe that we are worth 10mill and spending 20 mill a year.  Until these leases prove something then yes we are worth 10 mill.  No assets and revenues of 100k on a good quarter.

We can turn it around but we have wasted a lot of time and money on bust.  Sometimes its luck and we have been unlucky.  I remember thinking people were dumb for selling at .03 and look who the dummy is now.

Just read your comment Big Daddy.  I did hear something like that also but that nice St. Charles address they have in New Orleans is running them atleast 500k a year.  Places aren't cheap down here with all the oil money floating around.

I'm not trying to be Debbie Downer but we are spending a lot of money and nothing is coming back.  Our shares are like lottery tickets.  They are using that money for a shot at oil in Belize when they should have built our empire from here and then took a chance on Belize.  Our management all has other jobs so don't think they are starving while this is growing.