RMP would say that, it doesn't have anything else and let's face...

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  1. 3,305 Posts.
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    RMP would say that, it doesn't have anything else and let's face it $16m cash wont go far.

    So what has it got:

    - 2 failed wells in a country of high risks and high costs

    - $16m cash

    - an unknown drilling program going forward

    - access to Nugal basin problematic

    - more costs in Dharoor before another well is drilled

    Good luck with this one as I think it will slide back to cash backing if not below.
 
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