Ann: June 2023 Quarterly Activities and Cash Flow Report, page-37

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retorn123

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02/08/23

12:32

Post #: 69116121
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Originally posted by invertedva: ↑

For those who didn't listen to the Q&A, there wasn't a great deal that wasn't in the quarterly.
However, the did state therehas been ongoing interest in the Blackspur asset, especially as the oil price has rebounded.
And regarding the uptick in debt noted by Access2020 in the June quarterly, Freeman's answers aligns with Retorns.
The basic explanation (as I understood it) was, we had debt of ~$11 million in December (reported in half yearly report), $13 million at the end of March (but not record in the quarterly due to the nuances of the ASX quarterly template), and ~$6 million at the end of June. The descrepancy is due to the decision of the company in the last quarter to include debt in the report (which is not technically required under the ASX quarterly template) but they decided to do (and will do so going forward) to give a more accurate picture. I hope I've understood this correctly.
They expect the loan portion of the debt to remain stable (~$3.7 million) this quarter to fund the capital distribution.
Finally, the Marketable Parcel Process will need to complete before the capital distribution will occur (for obvious reasons).

I have cut and paste a few of the Q&As which I thought were interesting below.

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couple of other interesting comments

2 quotes from glenn>>

the purchaser couldnt complete cause it couldnt raise the funds when wti went under 70

quite frankly more interest now, watch this space

CE1 Price at posting: 9.5¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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