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Quarterly report reads well??? Not.Farm out process terminated...

  1. Bolics
    525 Posts.
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    29/10/18
    10:27
    Post #: 36294541
    Quarterly report reads well??? Not.Farm out process terminated with no deal. Another US$800k spent for the quarter. These guys are clowns. US$4.121m in the bank. Equates to AUD$5.8m.....and going down by $1m every quarter. Capped at $6.6m. The first 2 big wells drilled in Namibia both dusters.

    Once again I wonder what happens when the well (cash) runs dry.
    GBP Price at posting: 3.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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