RE: RE: FUND RAISE25 Jul 2023 23:08
As I mentioned this morning, it doesn't help that we now only get 6 monthly reports nearly 3 months after the period end, so we have little idea how much cash is left. I was really hoping that increased gas and oil flow using the jet pump, would come through in time and be enough to reduce cash burn sufficiently to avoid a raise. Especially since its not that long since the convertible loan. Given past experience, I should have known better.
What's really annoying is that having told us the workover would be done within the existing budget, they then have the gall to use the phrase
" very pleased to announce", as though they expect us to be delighted. Something like
" unfortunately we have to announce" would have been a liitle more honest. Gla.