I am so looking forward to the Quarterly Cash Flow Statements as it will put at least one matter to bed, has FAR received a cash call (of .... it doesn't matter what number you put on $45m up to $65m) or is Goodoil just full of sheet again DYOR!
The projected spend for the last quarter was $8m therefore we should end up with about $42m at the end of December 16. Even if the projected spend is $25m (being about 50% of total for two wells) to the end of March 17, that will leave us with $17m and the possibility of a CR on the back of some well results. In saying that the last time I posted a simular statement there was a CR the next day, so just guessing like everyone else.
GLTA
Zip
Quarterly out soon
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