Oh no, if thats the case the company is pretty much screwed. 1/3 over $33m will leave them with no money - I read $11m in the bank - $3m guarantee and 1/3 of costs over $33m adjusted for the $7.5m held. That would leave about $8m if the cost was $73m. Which would drop the stock. Anyway - it doesn't look good. No options with no money. You can't survive in the oil business - especially in Africa - with no money.
Maybe the torched shareholders will pitch in again to pay another couple of years of directors fees.
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