Baraka were to be advised by Statoil in Nov/Dec of the cost of the drilling program and the number of wells.
barakaenergy.com.au/pdfs/2013-11-03-231509131031_ASX_Chairmans_Letter_to_Shareholders.pdf
So they must have had some idea of the cost involved before doing a CR else what was the basis of their amount? Their prospectus just says getting cash on hand to get ahead of the curve...and that costings weren't known...but they couldn't have just plucked a figure from the sky. Seems arse about.
What, they should have around $3.1m on hand now?
Oh.well lets wait and see..
any ideas?, page-15
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