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.
I doubt current test flows would fund additional wells. As of...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
