I doubt current test flows would fund additional wells. As of end of June the company had $7.4mill cash in the bank. They forecast next quarterly spend of $6mill. That's to end of September. They only have $1.4mill left at the start of October plus whatever oil they may have sold in recent well drill. Announcement of new broker, my guess is a placement soon to be sealed and delivered.
Whats this all about then ?, page-6
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