Another really ugly Qtly . Income materially lower . Operating loss approaching 1 million for the 6 months . Huge cash burn . No explanation in the note for Administration and Corporate . Qtr estimate 300,000 actual 449,000 , I suppose they do not think it is material lol !!! They need to drill some more wells quickly before the cash disappears . A long way to go before they are cash flow positive operationally and much further to go before they are cash flow positive at a company level . I am disappointed but not all that surprised .
WBE Price at posting:
0.5¢ Sentiment: None Disclosure: Held
