That's the key takeway.

Only $568,178 funds used in operations vs. $882,000 the fourth quarter 2012.

The company is much more efficient. The Petrobras, Ecopetrol, and Cenovus contracts could pretty much cover the operating cash burn. WEE may then be cashflow neutral on an operating basis. WEE also says other contracts are pending.

 

Also, the quarter just reported represented a period of time when oil collapsed to ~$80, it is now back to ~$100 and budgets have been replenished with the new year. Drilling stims, and workovers resume.