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Thursday, July 12, 2007 10:24:48 AM
On the production numbers- 9000 barrels produced at their (BDGR)percentages is break even at $60/barrel. The reduction in employees and $70 oil lowers the necessary barrels. Expectations are the month of July will produce enough oil for this, the shipping rate is the issue. If they ship 9000 barrels before July 31st they will be cash flow positive by the end of August.
Lou has discouraged an aquisition at this time because of the stock price and I agree, there are other talking points. I'm hoping Lou has some information to share when he gets back. Take care.
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