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3.1¢ melbana energy limited

Ann: Quarterly Activities Summary Period Ended 31 December 2023, page-68

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rturve

5,045 Posts.

133

23/01/24

22:05

Post #: 72031376
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Originally posted by rivermore: ↑

So Sept quarter, Sonogol debt after payment of $8m was $16.1m

Dec quarter, Sonogol have paid another $5.1 but now owe $22.7m

MAY expenditure for Dec quarter was $10m so presumably Sonogol gross debt would increase by $7m (approx) rather than $11m.

Figures don't seem to add up do they? I'm happy to be wrong but I don't do blind trust.

Also the $20.1m 'cash on hand' includes the USD $7.5m (ie $A11m) which is quarantined by USA embargo so the cash coffers are actually around $A9m.

Another curious item; the report says 20 truck loads of oil for 2715 barrels. This is only 135 barrels per truck? Sites I have worked on shipped 300 barrels per heavy rigid and 600 / 900 is a truck and trailer. Is my memory correct with these figures? Maybe because of the roads?

Anyway, we all need to hope that Sonogol stoomp up the outstanding cash, we still have about 60 days of the 95 day drill program to go so its going to be expensive.

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Interesting so if Sonogol don't pay then they forfeit some of their 70% or ALL ?

MAY Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.1¢		Change -0.002(6.06%)		Mkt cap ! $104.4M

Open	High	Low	Value	Volume
3.4¢	3.4¢	3.0¢	$165.0K	5.194M

Buyers (Bids)

No.	Vol.	Price($)
18	1439331	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	39999	1

View Market Depth

No.	Vol.	Price($)
18	1439331	0.030
8	923671	0.029
4	3108572	0.028
5	1089148	0.027
5	365071	0.026

Price($)	Vol.	No.
0.031	39999	1
0.032	100000	1
0.033	70000	1
0.034	371756	1
0.035	150000	1

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