cash is not a long term asset for a minnow oiler,the...

cash is not a long term asset for a minnow oiler,the shareholders will never see it.
all that matters is how long they can run without another raising.
at the moment,they cannot fund their share of any offshore work,and just running the company burns cash[check their quarterly financials]
stuart is funding bazzard,but no drill slots until 2009 now,even if they get a farminee.
[and you can't keep leases without meeting spending committments on them.welcome to the sharp end of the oilpatch]