MAY 3.23% 3.0¢ melbana energy limited

Ann: Cuba update, page-22

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  1. 312 Posts.
    lightbulb Created with Sketch. 35
    $3,905,813 pg 15 of Dec 2017 half yearly
    $2,090,000 is estimated to be incurred prior to 30 June 2018

    2,235 M March Qtr cash flow (not sure if NZ drill cost is in here)
    541K June Qtr cash flow (assume all Cuba)
    238K Sep Qtr est.cash flow (assume all Cuba)

    I've not incl. overhead/admin cost as we have teams in Melb Vic and Cuba

    so approx $9M* AUD cost to Cuba which May should get back, but I believe MAY will get a lump sum up front from the farmee on top of the $9M. we'll know soon I hope.

    * back of a beer coaster working on Friday drinks
 
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