Funding will be ok, CTP management are not unaware of the bond facility requirements. I'd expect another draw down shortly as a drawdown needs to be undertaken within 45 trading days of the previous or each party has the option to terminate it.
Moving onto CBM93001 now. A shame to plug and abandon given the equipment is on site however time is money and the campaign needs to progress to satisfy all parties. IMO to some degree its a silly move not to test the structure again whilst the rig was onsite, an active petroleum system is in the area and, mobilising to Blamore again later will just cost again.
Anyway, the company can now get on with the program and in the meantime possibly shoot some 3d seismic over the blamore structure to increase confidence levels when they eventually make it back. At 12k per km2 for 3d seismic it could be expensive but the reward lies beneath.
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