Just shows how precarious the situation is & how dependent we...

Just shows how precarious the situation is & how dependent we are on the boys for their labour in the drilling programme.

Projected outgoings of $1.09m in next qtr with rig fully employed and cash (incl facilities) of $4.1m gives them almost a year of cash to fund drilling and test flows.

That is a positive and better than expected.

They could fund another drilling / testing programme before the winter sets in if needed. I'm sure the current programme is not fully reflected in the Q2 CF, at $1,1m for the quarter, it looks like these guys are ultra efficient and low cost.

Wazz