Auditors view on block from the accounts7 Oct 2021 16:57
the company has enough to keep going, as it is until June of next year, even if WRB1 didn't produce anything and oil/gas prices drop
The Company is currently testing well WR-B1a and the results of this testing (including flow and decline rates) are unknown. Therefore, there is no guarantee that well WR-B1a will be commercial and will produce oil or gas revenues. Sensitivity analysis performed indicated that a decline in oil prices of more than 10%, together with a scenario where well WR-B1a does not produce oil and gas revenues, gives rise to a cash shortage from June 2022, resulting in the need for additional funding.