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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