No matter how you slice it, BDGR is losing a ton of money in the oil business. Jeez this needs an audit badly. Your calculations illustrate that about 50% of the sales revenue are going someplace other than the BDGR bank account. Probably to the overriding royatly interest holders. AKA J.L. et al This also illustrates why the controlling party insists on producing sub-economic wells. Wouldn't you want to receive revenue without the burdon of paying expenses? Well Ben, I know you probably wouldnt be able to sleep at night but there are plenty of Bernie Madoff's out there that have no problem with taking...
Let's round up a posse and go after this horse thief... No, REALLY, Let's round up a posse. We can get a bunch of Texans (with side arms)together, rally at the border, and charge into Oil City with guns a-blazin'. To quote the Great White Hunter, Johnny Carson, "Some things just need to be kilt"
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