re: Ann: Quarterly Report for quarter ended 3...
$3.5m needed for Lidsey #2Hz well $3.5m cash at bank as at 31/3/10 120 bbls/day from Brockham according to announcement on 22/3/10 Presumably exploration & administration costs should have returned to more normal levels this quarter
Will production income be enough to cover expenses so that the $3.5m can be kept for Lidsey #2Hz? My expectation is that it will be enough, but only just.
KEY Price at posting:
9.9¢ Sentiment: Hold Disclosure: Held