Thanks, that $1.5m number looked low when I look at the phasing of production and include some of October but I'll have another look. Using the lower number does make a difference to my closing cash so I can now understand better your above comment.
It is good to be generally cautious in all of these at the moment. Ideally they would defer some of the $8.5m development outflows to maintain a minimum balance or alternatively if they can get the wells back on line with even a couple new ones the numbers could support addition finance. It would be unfortunate to have to raise funds at the current price as the March numbers should be pretty good as long as the winter doesn't cause any problems.
Thanks again for the constructive feedback
Cheers
SSN Price at posting:
1.6¢ Sentiment: Hold Disclosure: Not Held
