RE: Out of funds28 Aug 2024 21:39
What revenues ?
The initial programme, which has been funded by the capital raise, will require the drilling of six development wells which are planned for Q4 2024. Once these are complete, it is forecast that the sale of He and CO2 from these initial wells, will generate sufficient cash to fund the drilling and tie-back the remaining nine wells
If you get any money in Q1 will be used to drill more wells 9 more and comitioning the plants .....
And all this when you know you are running out of money .....You get 0 revenue from this deal in 2025 ....
Definitely nothing inQ1 and Q2