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wshaw14

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wshaw14

Re: None

Friday, 11/13/2015 2:53:49 AM

Friday, November 13, 2015 2:53:49 AM

Post# of 2595
The following is the cash burn rate for the first nine months of production. $277,562 \ 9 months=$30,840 Extremely low for a startup. Combine this with average increased production month over month, we are in a very good position for the coming increase in oil prices.
Figuring an average increase in production extrapolated over 3 months, we could actually see positive cash flow (at current pricing) when the next Q is filed.
http://deepwelloil.com/SEC%20Filings/DWOG%20Form%2010-Q%202015-06-30%20FINAL.pdf
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