For all the mixed results, production did not fall at least and cash on hand grew from $22.1m to $28.8m.
Waiting for production licenses is as good as it gets compared to finding nothing, but it always seems they could raise production from existing licenses so easily with more frequent attention.
Like a juggling act of gushers, tight ones, sudden water, rig allocation, license applications... all being driven by positive cash flow but also alot of adrenalin.
Roll on L20/50.
Ann: Quarterly Report - December 2010 , page-2
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