3.65-1.48=2.27m to pay for drill!!! 1.48m is salaries RE June 2015 and june2016. Note haven't included other running costs ie admin ect. Also haven't included income almost O.5m. So 2.27 + 0.5= 2.77m, it covers the drill now ????? It would appear they plan to drill mid next year, its a long road
According to a report dated April 8. Bhandut was producing (120 boepd) which was initially being processed at on site facilities, before being delivered to a third party gas producing plant, where it was compressed for entry into the HP network. Have no idea what the figures are at present.
Imho this was one of the many problems with 77 and 73. There was never any provision made for these facilities and it appears the demand for LP gas just isn't there at present.
Left in bank. Received US183k from gspc still owed 7m. They get a free ride on drill, no risk, couldn't make this up. Only pay costs if commercial if they want, suppose they could extend debt with oex.
30% in cost reductions, salaries down another 14%, wow what are they doing to get a salary, shutting in wells.
Just wonder when this drill is coming with only 3.65 in bank. Consolidation, then placing exiting times ahead indeed. Ffs rant over
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