RE: OILMAN JIM BLOG27 Jan 2022 19:14
NTOG would need 500 barrels of oil per day production just to cover administration and other expenses.
500 x $85 = $42,500
$42,500 x 25 (run rate) = $1,062,500
$1,062,500 x 12 = $12,750,000
you honestly think $12,750,000 wouldn't cover our admin and corp expenses? hahaha
guys don't listen to SteelTightone, guys a grade a fool. simple maths debunks everything he ever says.