quaterly suprise

At the end of the year the company had 55.6million in cash.

additionally to this depending on number drilled we have
11 JV wells @ 333,333 a pop. 3.66million (remember 1 was paid for prior to end of year.)

To add to the figure by the time the quarterly is released will be DEC, JAN, FEB and MAR oil sales as they receive these a month on delay from pickup.

DEC 735bopd - 22785 bbl
JAN 709bopd - 21979 bbl
FEB 893bopd - 25004 bbl
MAR 1062bopd - 32922 bbl

102,690 bbl oil produced. We will say the 80,000bbl makes its was directly back to maverick. oil sales direct to maverick @ $100 a bbl is around 8million

Maverick would also have been paid interest on it cash reserve for the half year this payment was 1million so we will say 400,000.

400,000
8,000,000
3,660,000
Total 12,060,000 million USD.

Total gross cash of 67.66million @ 30th April.
We have no information on cash spent so im not going to speculate. to drop below 50million would need to have spent 17.66 million however...

Source Half Yearly report & production update.