first day of november trading, page-20

the thing is that.....whn isnt drilling at moment...not much expenses, majority of its expenses is used for its expansion of its profolio..and basic overhead of the company (wages...etc)....didnt you realise they just went and bid 33% of one of australian basin next to shell??? perhaps this is where the money went to......they have been sitting at cash position of 10 mil for last nine months..and all in sudden last quater..it went down to 5 mil......this is not cash burn.......whn has much lower over head than a lot of small oil and gas company simply because they are not drilling....and steve will strike a farm out deal where the farm out partner will have to have deep pocket and prepare to be responsible for the entril drilling cost of first two wells....and if the first two well success, it will make whn cash flow much stronger, and whn will have money to plan its future drilling