re: cash flow projection Acamas,
I subscribe to Macquarie Equities who provide a cash flow projection for the years out to 31 Dec 08. Their projections updated at the end of September for 06,07 and 08 are as follows :
Year 06 07 08
Production mboe 1.94 2.31 2.15
Cash from Ops $Am 109 139 136
Exp & Dev (156) ( 76) ( 63)
Cap. Raisings 153 5 5
Net Cash Flow 120 74 84
Net Cash/Debt 189 256 334
Hope the above table comes out. In summary they project Hardmans net cash position growing from a surplus of $189 M as at Dec 06 to $334 M as at Dec 08.
Regards
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