Hi PB,
Your prayers were answered.
At least $1M of the loan facility will cover the costs of perforating the B sands for further evaluation to know what is there and be produced from. 6-9 mths to establish a reserve figure.
Moderate success.?????
At least the income from the condensate is enough to compensate the needs of running the company albeit not enough for exploration.
Time to go back to bed.
