Yes I counted that in. My guess is
2 million in bank after jewel drilled +
9 million raise = 11 million
- 10 million to drill rangers=
1 million in the bank.
They have probably made 3-4 million form jewel & maybe around 1 million from exercised options so far. So I think they have around 6 million in the bank and that’s part of the reason why they haven’t started drilling flames.
Ann: US Majors Join in Rangers Well, page-92
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