Anyone have thoughts on what the next EFS well is going to cost?
We have 5m cash (and equivalents), approx $2.5m assets held for sale, and around $1m receivables. Lets just call it $7.5m available.
I forsee a raising or some sort of funding deal required here...which is no surprise to 99.9% of us on here. Can't see us getting credit from banks based on one poor result EFS well...so unless we farm down the EFS, I'm thinking cap raising.
Cooper Basin farm down is a possibility I guess...but do we really want to negotiate that down in a position of weakness?
Ann: Half Year Accounts to 31 December 2012 , page-3
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