re: Ann: Quarterly Activities and Cashflow Re... Ash Creek looks like a giant dud. Every quarter the receipts from sale of oil is substantially less than the production costs.
$726,000 in admin costs. Every quarter the company will need to raise a million dollars to get by. Meanwhile every quarter Grieve gets pushed out and the debt to Denbury gets bigger.
No more talk of pipe sale either. Pipe dream ?
Ann: Quarterly Activities and Cashflow Reports , page-2
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