what a year ahead!, page-4

Hi all,
I hope everyone had a good holiday season.
Yes! What a year ahead.

I’ve compiled some Otto advised costing notes from their announcements/presentations.
Here are my notes in brief (this is a summary of my personal notes) .
Information has been taken from Otto Announcements, so is readily DYOR’able.

Cash at 30 Sept = 18.8M ($USD)
Minus the following – (starting at 4^th quarter 2016 through to 2018 First quarter):

6 x quarterlies Dec 2016 quarter through to and including Mar 2018 = (-$6.2m)
Kito – Care & Maintenance, past money owed, drilling costs (-$4.75M) (If license extended, otherwise only partial applies, and license lost)
SM71 Productions costs (-$5m) (considers only 1 Producing Well with late 2017 income)
Bivouac Peak Exploration and Drilling (-$6.7m)
Bivouac Peak Completion and Production (-$3.83M) (Only If a discovery)
Further Exploration of Salt Dome (SM71) Estimated (-$1.5M) (Low Estimate as no figure given, only intention to do so)
2 x Drills in Alaska (-$5.2M)
1 x Extra Drill in Alaska early 2018 (-$2.6M) (Double this figure if the decide they will try for 2 x drills.)

Anticipated and communicated by Otto  = Total Expenditure (last quarter 2016 through 1^st quarter 2018) = $35.78M

Shortfall from 30 Sept 2016 balance = USD $16.98M

With production late in 2017, I don't think it will be enough to cover expenditure as detailed above, in said time frames, considering admin costs (burn) is very high at $1m per quarter +/-. (~$300-$400k per month)