snouts in the trough- 1/10th relist value, page-35

The auditor has expressed his opinion, which shows real risk again of this going under.
So the experts differ from your opinion

The company is already in breach of its loan agreement which is a pretty crummy place to be.

TPG's "Generous Terms" as you put it is 20%pa interest...

Hardly generous..

Its been 4 months since the half yearly report was issued

The $25M loan was fully drawn.
They had $4.5M in cash
$4.75M Current Liabilities, Trade and other Payables
$9.3M Non Current Liabilities Trade and other Payables..

They have run out of money, already, again.






Oman 2-20 production after fracking was zero for January
https://oilgas.ogm.utah.gov/Data_Center/LiveData_Search/prod_grid.cfm?wellno=43007302890000&date=

The only other producing well is Utah Fuel 10
Daily production has been declining over the last 4 months
Only producing 0.168mmcf/day in January

https://oilgas.ogm.utah.gov/Data_Center/LiveData_Search/prod_grid.cfm?wellno=43007160160000&date=

No other well produced in January.

February figures should be available very soon as long as the company isn't late in its reporting