RE: Net cash position21 Mar 2025 15:01
@Blubay, Maybe Dec they had paid the $1.5m, plus legal fees, maybe advances for long lead items, and drilling contracts ??
· US$1.5 million in respect of past costs incurred by Blue Star on the Galactica Project;
· 100% of the costs in respect of six wells capped at US$450,000 per well;
· up to US$2.55 million in in respect of the Company's 50% participating interest share of the tie-back, installation andprocessing expenditures required for the development of the Galactica Project;
· the balance of US$1.18 million in respect of associated fees, legal costs and working capital and development contingencies.