88E 0.00% 0.2¢ 88 energy limited

Ann: Quarterly Activities Report & Cashflow, page-7

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  1. 6,600 Posts.
    lightbulb Created with Sketch. 523
    They went from $28Million to $6 Million cash in a quarter..
    Total relevent outgoings for this coming quarter is over $21Million...
    Current cash is $6 Million..
    The company stated 0.3 of a quarters cash left as is correct..

    The notes below you pointed out make no difference imo...below as you can see is relating to $350 thousand..peanuts in the scheme of things so i will stay with the outgoings and cash and 0.03 quarters(1 month) cash left..Just watch the next ann CR...But hey that is ok you go for your explaination lol.


    r: Item 8.2 noted above predominately relates to costs associated with the Charlie-1
    well. 88E anticipates incurring net costs in Q3 2020 of A$0.35m in relation to post
    well testing and site clean-up. The Joint Venture partners have been cash called for
    their remaining share of costs associated with the well. Taking into consideration
    the above, as well as operating costs noted at item 1.9 the estimated quarters of
    funding available ratio would be greater than 2.
 
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