Thanks Jurek
I knew you would come thru. FYI I do not include diluent, transportation or royalties in operational costs.
Correct me if I'm wrong here. as an example if nat gas component was $7,500,000 and they produced 1,175,300 barrels, costs would be as you say $6.38 per barrel. Now lets say they all of a sudden start producing 1,500,000. I would think the nat gas would still be $7,500,000 (assuming price per gig still the same). Is this not correct?
The other big expense item is G&A going from $6M to $10M. G&A up by 40% is really out of whack.
Production has always been a problem and pricing has not been great.
