Intersting to see that production volumes (boe) for the quarter were down, lets hope thats not going to be a regular occurance.
Also $95 million cash as off Dec 2010 and now $53 million as of June 2011.
At this cash burn rate they will be looking to raise more money within the next 9-12 months even after procceds from the sale of 25% of WA-351-P.
By the look of the sp the market agrees.
DYOR
Ann: June 2011 Quarterly Report , page-4
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