Here's an email I got from Sean yesterday afternoo
Post# of 39368
Posted On: 03/22/2013 5:19:37 AM
Here's an email I got from Sean yesterday afternoon. Speaks to the whole break even point.
80-100 BPD is a conservative break even estimate from our accounting guys. Just wanted to contribute to that. We estimated a worst case scenario of 3.2mm operating budget for 2013 (including royalties), multiply 100BPD @ $90.00 for a year and you get approximately 3.3mm, resulting in cash flow positive.
The problem with these numbers at the moment are a result of using the 2011 10-K, which even since 2012 we've dropped our operating costs and our expenses. The estimated 'cash' break even point for us is lower than 80BPD, but a very conservative estimate is in a range of 80-100BPD according to the guys down the hall who balance our books.
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