MM no doubt he has but communication should be improved, presentations are good but how about a notable well update, Leon was 25% flow back by 30 June 2012 now some 45 days ago? The longer it takes the more nervous I get on this one.
Also noted that the WTI and Bakken Clearbrook oil price is nearly back to aprity ($US0.50 differential). The July 2012 presentation suggested $2.1m in cash left at 31st December 2012 with a oil price at $US80. Currently oil pushing $US95 and Bakken Oil at parity again could assist the cashflow position.
Link: http://www.bloomberg.com/quote/USCSUHC1:IND
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