financing galoc phase #2 ?

As previously mentioned the bnz facility covers 55% of the Capex are holders happy the remaining can be financed from 19m cash and phase 1 revenue alone. It seems to my brief calculations they are cutting it very fine unless they have prepaid significant items of expense in the prior quarters ? Perhaps matter could provide an answer ?


Interesting to note the divergence between oel and ndo share price ithe recent weeks and months it appears on paper oel is the better bet in terms of near term galoc phase 2 and exploration upside. Looks as though rig to drill galoc will be a bit later on site than previously specified.