From today's (Sep. 8th) Good Oil presentation
So, at the end of June 2023, MEL had A$0.64m cash and (A$2.9m) available to draw down. Since June, we have had ongoing field operations at Odin and Vali-2, 3, debt repayments and G&A costs. At the end of September, cash and available debt will be considerably less. Our remedial efforts to get Vali-2 and Vali-3 producing gas and delivering first gas at Odin are critical to MEL's survival. For me, it's nail-biting stuff.
Kind regards OldGeo
Ann: MEL Presentation - Good Oil and Gas Energy Conference, page-3
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