InvestorsHub Logo

localoil

01/05/07 4:40 PM

#2116 RE: oil export #2114

I agree with you with caveats.

The production is the most important thing and the more the better. The audit should show expenses in various categories and that should include "operations" vs other expenses such as drilling new wells, equipping existing wells, etc..

If there is good info on production vs operating expenses then everyone including management will have idea of what it costs them to produce a bbl of oil.