Updated Lightning Field Modeling, page-134

On my calcs, i'm somehow having things fairly tight by end of current quarter we're in. Cash balance pretty much won't increase based on current production and prices (but may reduce slightly), but takes into account;

- maintaining debt service reserve account of US$5 million
- tranche 1 debt reducing to US$13.8 million
- Final GC21 bills being paid for in current quarter of US$4.9million (notwithstanding upcoming remediation issues/costs)
- Production and G&A costs accounted for
- No capital raising

Extra funding if need be may include;
$10 million tranche A2 available
PANR shares at 31 July. Wildcard will be if they hit oil zones at Talitha
$20 million from MacB on further credit approval. I'm assuming enhanced production at GC21 will enhance this process


Luckily further resource progression at SM71 won't occur until FY2022, at which time Tranche 1 debt will be US$11.5million (or the equivalent of the PANR shares being worth 0.60p per share)